US$15.7 billion floating LNG facility proposed for northwest B.C.

A US$15.7-billion floating liquefied natural gas (LNG) export project proposed for Prince Rupert has attracted one of the world’s largest shipbuilders and offshore energy companies.
South Korea-based Hanwha Ocean announced June 16 it signed a non-binding memorandum of understanding (MOU) with Vancouver-based Kanata Clean Power & Climate Technologies regarding the proposed development.
Kanata estimates the project would have an export capacity of up to 12 million tonnes of LNG annually,