March 8, 2013
Indonesian billionaire Sukanto Tanoto has bought an industrial site at Squamish in order to export liquefied natural gas. Pacific Oil & Gas, says it would use a deepwater port at the old Woodfibre pulp-mill site to operate what it calls a “small-scale” LNG facility. Natural gas would be liquefied for shipment in tankers to overseas markets.
If Pacific Energy Corp.’s plan comes to fruition, something like 1.5 million tonnes of natural gas will be received, refrigerated for conversion into liquid form and shipped from the proposed Woodfibre LNG facility each year beginning in late 2017 or early 2018.
Bedi, whose company has operations in Indonesia, Hong Kong, Singapore and Mainland China, said the feasibility study that’s underway will help determine whether the Woodfibre project will move ahead.Find out more here… Billionaire buys pulp-mill port with plans to export LNG and Controversial Billionaire Province News Article and LNG Facility eyed by Late 2017