Tourmaline Oil Corp., which began shipping liquefied natural gas to the U.S. Gulf Coast this year, could more than double the portion of its gas production that is exported in liquefied form within three years.
Volumes shipped as LNG could rise 10% to 15% in the next two to three years from 6% today, Chief Executive Officer Michael Rose said in an interview. Earlier this year, the company began shipping natural gas from British Columbia to Cheniere Energy Inc.’s LNG export terminal. on the Gulf Coast, where the gas is shipped to markets in Asia and Europe.
Tourmaline may find opportunities in the Gulf or on Canada’s west coast, where a Shell Plc-led consortium is slated to launch LNG Canada by mid-decade, to be Canada’s first major LNG export terminal with more access short in Asia than North American terminals. the Gulf Another project outside of BC, called Woodfibre LNG, is also progressing with construction and Pembina Pipeline Corp.’s Cedar LNG. recently received federal and BC approvals.
“We’re looking at opportunities to the west, we’re looking at other opportunities to the south, but they have to be deals that commercially make sense for us,” Rose said.
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