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

More from Mining & Energy

Petronas' LNG project gets green light but with a catch

New LNG project will have a hard cap placed on its CO2 emissions

Read Article

Liberals’ campaign promises on Site C have been met: minister

One minister says Site C met Liberal commitments on 'renewed' First Nations relationship and 'science-based' decision-making, another blames previous government  

Read Article

Vancouver's JDS Silver partners with private equity firm to develop Silvertip Mine

Vancouver miner JDS Silver Inc. has just received USD$65 million from...

Read Article

Alberta gas producer takes minority stake in Steelhead LNG

Seven Generations invests in company planning LNG plants on Vancouver Island

Read Article

Editorial: Energy industry overhaul underway

Read Article

Subscribe to our mailing lists

* indicates required

Newsletters

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