Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
Just$1.99
per week
for first 24 weeks

Enjoy unlimited digital access
Enjoy Unlimited Digital Access
Get full access to globeandmail.com
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

The Tokyo Gas Ohgishima LNG Terminal.

NATHAN VANDERKLIPPE/The Globe and Mail

The National Energy Board has approved two more liquefied natural gas export licence applications in an increasingly crowded field.

The NEB gave the licence approvals for 25 years each to Aurora Liquefied Natural Gas Ltd. (backed by Beijing-based CNOOC Ltd.'s Nexen unit and Inpex Corp. and JGC Corp., both of Japan) and Oregon LNG Marketing Co. LLC (backed by New York-based Leucadia National Corp.).

"Recent developments in gas production technology have resulted in a significant increase in the Canadian gas resource base and North American gas supply. One of the major impacts of this increase is lower demand for Canadian gas in traditional gas markets in the United States and Eastern Canada. As a result, the Canadian gas industry is seeking to access overseas gas markets," the NEB said Thursday.

Story continues below advertisement

With the approvals for Aurora LNG and Oregon LNG, there are now 11 LNG export applications that have been given the green light by the NEB. Nine of the projects are proposed for British Columbia while two have Oregon terminals envisaged.

None of those 11 projects, however, have made final investment decisions.

Aurora LNG is seeking to build an export terminal at Grassy Point, near Prince Rupert in northwestern British Columbia. Oregon LNG plans to move natural gas, most of it from Western Canada, to an Oregon plant that would super-cool the gas into liquid form so that it is suitable for shipping by tanker to Asian customers.

"Issuance of both licences is subject to the approval of the Governor in Council," the NEB noted.

As well, Oregon LNG must still clear regulatory hurdles in the United States. The other proposal in Oregon is named Jordan Cove LNG LP, which received its NEB licence approval in February.

Two weeks ago, the NEB approved a filing from Triton LNG for exporting. Triton is backed by Calgary-based AltaGas Ltd. and Japan's Idemitsu Kosan Co. Ltd.

With Aurora LNG getting the nod, there are now four B.C.-based, export-approved LNG projects that include Japanese investors. Japan is the planet's largest importer of LNG, while demand in China is surging.

Story continues below advertisement

The other two B.C. projects with Japanese partners are Pacific NorthWest LNG (led by Malaysia's Petronas, with partners that include Japan Petroleum Exploration) and LNG Canada (led by Shell Canada Ltd., with investors that include Mitsubishi Corp. of Japan).

Industry experts say it is realistic to expect three B.C. LNG projects out of 14 proposals to come to fruition, and six out of nearly 30 in the United States.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies