CALGARY C Another Canadian company working toward building a liquefied gas project around the West Coast has yet to sign up its first customer for LNG cargoes.
On Thursday, Calgary-based Veresen Inc. executives said throughout an earnings call that the company continues trying to find customers because of its Jordan Cove LNG project in Oregon, which would chill Canadian and U.S.-sourced gas to its liquid state for export to Asian markets.
“We won’t be capable of go to notice to proceed (until after the middle of) this year,” Veresen president and CEO Don Althoff said on the company’s fourth-quarter conference call. He didn’t say once the company would sanction its 6-million-tonne-per-year LNG project.
“We will give you some guidance to the market once we obtain a little closer and obtain our first buyer registered,” he explained.
In February, AltaGas Ltd. announced it had been shelving its Douglas Channel LNG plant indefinitely because the company was unable to find customers in Asia for the natural gas.
Related
- Veresen secures U.S. West Coast LNG project approvalVeresen’s US$6-billion Jordan Cove LNG project won’t be sanctioned until late 2016
-
-
-
