NEW YORK: Exxon Mobil Corporation is making a bid to get into British Columbia’s liquefied natural gas (LNG) industry with a potential $25 billion dollar investment.
The company, in partnership with Canadian affiliate Imperial Oil, has filed an application to export Liquefied Natural Gas (LNG) with the National Energy Board.
It also submitted its plans for the West Coast Canada LNG terminal to BC’s Environmental Assessment Office.
Pius Rolheiser, spokesperson for Imperial Oil said that we are at relatively early stage of project definition.
Further Rolheiser said potential investment in LNG project would be dependent on a range of factors, including outlooks for long term markets, competitive fiscal arrangements, the general investment climate in order for an LNG project to go, you need a number of things to be present.
