Aussie group buys Canadian LNG to serve Europe

摘要

Sydney—Australia’s Liquefied Natural Gas Limited has agreed to buy 100% of Anadarko Petroleum’s Bear Head LNG project in Canada’s Nova Scotia for $11 million and plans to develop the former proposed import terminal into an export facility to serve markets in Europe, the company said Monday. LNG Limited is already aiming to become a North American LNG exporter from its Magnolia project in Louisiana, where it is planning to spend $2.2 billion developing an export facility with an initial capacity of 4 million mt/year. The company now intends to replicate that project model to develop a 4 million mt/year export plant at Bear Head with capacity for future expansion as more gas becomes available.