Bear Head LNG, a subsidiary of Australia-based Liquefied Natural Gas, has submitted an application to Canada’s National Energy Board (NEB) to export about 12 million tonnes per year of liquefied natural gas (LNG).

Bear Head is also seeking a licence to import up to 503 billion cubic feet (Bcf) of natural gas annually from the US.

Both the licenses would be for a 25-year term and if approved, Bear Head would be authorised to export eight million tonnes per annum (mtpa) of LNG starting in 2019.

It would increase to 12 mtpa in 2024, depending on market and supply conditions.

"Our NEB filing represents a major milestone for the Bear Head LNG project."

Bear Head LNG already has 12 permits in place to construct the liquefaction plant, including an approved environmental assessment.

Bear Head LNG chief operating officer and project director John Godbold said: "At this point, all of our major Canadian governmental approvals are in place or applications are before the regulators. Our NEB filing represents a major milestone for the Bear Head LNG project."

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The prior owners of Bear Head LNG invested over $100m to design, and complete engineering work and site construction of the site in the early 2000s.

The facility has been in hot-idle status since then and site preparedness will allow Bear Head LNG to accelerate development of the facility.

A final investment decision on the Bear Head LNG project is anticipated to be taken in late 2015 to 2016.

Bear Head LNG is being developed on a 255-acre site, which features 180-acre industrial-zoned land and 75-acre deep-water acreage.

In August 2014, Liquefied Natural Gas acquired 100% of the stock and assets of Bear Head LNG from a subsidiary of Anadarko Petroleum for $11m.

The Bear Head project can be viable at a relatively low gas supply volume of about 300 million cubic feet per day.

Energy