The first phase of Exxon Mobil Corp.’s foray into British Columbia’s nascent liquefied natural gas industry could see it spend up to $25 billion. That would increase substantially if the energy giant proceeds with the second phase of the proposed WCC LNG project.
WCC LNG forecasts the employment of up to 6,000 workers at peak construction for the first phase of the project, which has an initial capacity to ship 15 million tonnes a year of LNG from its Tuck Inlet, Prince Rupert port facility to buyers in Asia.
The information was obtained from a Project Summary filed with the BC Environmental Assessment Office on Jan. 11.
Exxon, the world’s largest energy company, and its Canadian subsidiary, Imperial Oil, have proposed to develop the LNG project under a venture known as WCC LNG Ltd.
Judging by the export permit and regulatory filings, this is a massive project.
On Dec. 16, 2013, WCC LNG was granted a license to export 30 million tonnes of LNG per year for a term of 25 years.
They have been in ongoing talks with local First Nations groups in the area since 2011.
For the first time, the January filing came out with a rough estimate for a final investment decision: 2017 and construction would begin almost immediately.
The report also said that WCC LNG would seek to use either Spectra Energy Corp.’s 7.5-billion Westcoast Connector Gas Transmission project or TransCanada’s Corp.’s $5-billion Prince Rupert Gas Transmission line to tap into Northeast B.C.’s natural gas.
WCC LNG wades into EA process
WCC LNG waded into the environmental assessment process on Jan. 7 when B.C.'s Environmental Assessment Office notified the proponent that an environmental assessment certificate was required for the proposed project to move ahead.
Exxon, the world's largest energy company, and its Canadian subsidiary, Imperial Oil, have proposed to develop an LNG project under a venture known as WCC LNG Ltd.
WCC LNG Project Ltd. proposes constructing and operating a liquefied natural gas export facility and associated marine terminal on Tuck Inlet, currently owned by Prince Rupert Legacy Inc., and within the city limits of Prince Rupert.
A Project Description was submitted to the Canadian Environmental Assessment Agency, according to Doug Caul, Associate Deputy Minister, Environmental Assessment Office.
On Dec. 16, 2013, WCC LNG was granted a license to export 30 million tonnes of LNG per year for a term of 25 years. The permit was approved by the federal government in March 2014.