Bear Head LNG, the wholly owned subsidiary of Liquefied Natural Gas (LNG), has signed an agreement to acquire additional land from Nova Scotia Business (NSBI) for its LNG facility expansion in Canada.
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The proposed LNG facility will be located on the Strait of Canso in Richmond county, Nova Scotia.
Bear Head LNG president Maurice Brand said: "The acquisition of additional land is very important for our project.
"It enables us to increase the capacity of the LNG facility from a nominal eight million tonnes per annum (mtpa) up to 12mtpa in 2024, as per our approval from the National Energy Board."
Under the agreement, Bear Head will purchase an additional 72 acres of land next to its existing 255-acre site on the Strait of Canso from NSBI.
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By GlobalDataRichmond county municipality CAO Warren Olsen said: "We are pleased to work with Bear Head LNG, which is involved in a growing and vital LNG export sector in North America.
"Bear Head LNG is committed to supporting the local economy in Nova Scotia that will provide substantial economic and social benefits for the community, First Nations, and Nova Scotia."
Bear Head secured approval from the US Department of Energy to export natural gas sources from the US to nations that do have free trade agreements (FTA) as well as those that do not have free trade agreements (non-FTA) with the country.
The company also obtained approval from Canada’s National Energy Board to export up to 12 million tonnes per annum of LNG and has all the required initial federal, provincial, and municipal regulatory approvals in place to begin project construction.
Bear Head recently opened an office in Halifax to expand its presence in Nova Scotia.
Image: A graphic showing the full 327-acre Bear Head LNG site. Photo: courtesy of Bear Head LNG Corporation.
