Another LNG Project Halted
Prince George, B.C. – The promise of LNG as a new industry in B.C. has suffered another set back as Nexen Energy and INPEX Gas B.C. have decided to pull the plug on the Aurora LNG feasibility study.
The company has announced it will “cease all investigation activity, effective immediately.”
Aurora LNG has been working for four years on the feasibility of liquefying and shipping LNG from Prince Rupert to markets in Asia. The company has concluded the economic environment “does not currently support the partners’ vision of developing a large LNG business at the proposed Digby Island site.”
In a release issued this morning, the partners say their upstream operations from their Horn River natural gas assets in northeast British Columbia will continue, and they will monitor the North American gas market to “evaluate future upstream and downstream investments according to market conditions.”