Bear Head LNG gets federal OK to get export licence and import from U.S.
The licences authorize the company to import up to 14.2 billion cubic metres of natural gas per year
A proposed liquefied natural gas export facility in Cape Breton has received federal approval for a licence to export liquefied natural gas.
Bear Head LNG Corporation, a subsidiary of the Australia-based Liquefied Natural Gas Ltd., says the government also approved a licence to import natural gas from the United States.
The company says the National Energy Board's approval of the licences was given in August 2015, but was subject to the approval of the Governor in Council.
The licences authorize the company to import up to 14.2 billion cubic metres of natural gas per year and are both good for 25 years.
Liquefied Natural Gas Ltd. bought the site in Point Tupper from Anadarko Petroleum Corporation in an $11 million deal that closed in August 2014.