LNG plant, refinery and terminal proposed for Kitsault, northwest B.C.

Kitsault Resorts Ltd. plans to announce at a January 8 press conference a proposal to establish an LNG plant, refinery and export terminal in the ...

Kitsault Resorts Ltd. plans to announce at a January 8 press conference a proposal to establish an LNG plant, refinery and export terminal in the town of Kitsault in northeast B.C.

The company said the proposed LNG facility would cost between $20 billion and $30 billion, provide for the export of energy products and establish pipelines for oil, natural gas and refined petroleum products between Kitsault and Alberta, as well as other parts of northern B.C.

The former molybdenum mining town hit the headlines in 2005 when it was purchased for $5.7 million by India-born millionaire Krishnan Suthanthiran, who established Kitsault Resorts with the intention of turning the town into an adventure resort.

In 2010, Avanti Mining Inc. (TSX-V:AVT) announced plans to resurrect the town's molybdenum mine but have yet to raise the capital to do so.

The press conference will take place on Tuesday January 8 in Ottawa.

ecrawford@biv.com

@EmmaCrawfordBIV

comments powered by Disqus

Also Read

More From Mining & Energy

A U.S. federal judge has temporarily blocked the Environmental Protection Agency (EPA) from taking action against...

Read Article

Australian juniors developing new met coal mines in the province despite global glut

Read Article

A $30 million out-of-court settlement awarded to a junior exploration company in 2011 in compensation for the de facto expropriation of...

Read Article

Jen St. Denis discusses coal prices putting plans for a terminal expansion on hold.

Read Article

Jen St. Denis discusses tighter rules for mining companies.

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

* You can modify your newsletter subscriptions at the bottom of any newsletter you receive.
×