B.C. attracts two LNG contenders

Gary Park

Petroleum News Calgary correspondent

A second Calgary-based company has entered the race to build a liquefied natural gas terminal on the British Columbia coast.

Privately owned WestPac Terminals has plans to build the facility near Prince Rupert and import as much as 300 million cubic feet per day.

WestPac President Rob Woronuk told the Financial Post that the terminal will be supplied from Pacific Rim producers, with the gas resold to North American consumers. He would not disclose the projected costs of the venture.

Two months ago, Galveston LNG unveiled plans for an LNG import terminal near Kitimat, about 60 miles south of Prince Rupert.

Preliminary plans call for a C$300 million plant to handle 340 million cubic feet per day, starting in late 2008.