World News
Indian Company Eyes Canada for LNG Terminal
An Indian company is planning a $3 billion liquefied natural gas (LNG) export terminal in Nova Scotia, Canada, Canadian news outlet CBC News reports.
"We're looking to put out a capacity of a billion and a half cubic feet a day at its final stage," said Darshan Hiranandani, managing director for the company, H-Energy.
Another company, Pieridae Energy, also has plans for a Nova Scotia LNG terminal, a $5 billion project planned for Goldboro.
North American natural gas will be exported across the world, said Stephen Lund, CEO of Nova Scotia Business Inc., a government agency that promotes business development in the province.
"There will be facilities built in North America, I don't think anyone would dispute that, the question is where they are going to be," he said.
"Why not Nova Scotia?"
H-Energy's 240-hectare site includes a deep water port and a natural gas pipeline that the company plans to expand.
Hiranandiani said the next step for the project is a feasibility study, and the terminal could be complete in 2020 at the earliest.
The company is also building an import terminal in India.
India's growing economy is a likely market for North American natural gas, and the nation's Petronet LNG Ltd. said recently that it will buy at least 4 million metric tonnes per year (mtpa) of U.S. LNG for 20 years.
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