Firms in Fed’s Beige Book Fret Over Any Lengthy Baltimore Port Closure
(Bloomberg) — The closure of one of the East Coast’s busiest ports after the collapse of Baltimore’s Francis Scott Key Bridge has so far not led to broad price increases,...
SNG’s plan is to liquefy pipeline gas terminating in southeastern Canada and then transport the product via small LNG ships and trucks to customers in northeast Canada. Surplus LNG will be exported to customers in northern Europe.
The liquefaction plant will consist of two units including a storage unit with capacity for 50,000 m3 of LNG.
Contributing an initial investment of USD $20 million, SNG will own 50 percent of the venture. Stolt LNGaz expects the total capital investment to be approximately USD $570 million over the next four years in infrastructure and services development, partly funded with debt financing secured by long-term customer contracts.
The following is the tentative project schedule:
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