Saturday, October 25th9.1°C
23888
23371

Qingdao Sinoenergy backs Alberta company's pitch for liquefied natural gas plant

EDMONTON - A Chinese firm is behind a new Alberta joint-venture company that wants to build a liquefied natural gas plant in the province.

Gascana AB Energy Ltd. was recently established by the Qingdao Sinoenergy Corporation of China and Calgary based-Petrox Resources.

Petrox said the goal is to build a plant that could produce close to 3,000 tonnes of LNG per day for export.

The Edmonton Economic Development Corp. is working with Gascana on the proposal and said the project could include other petrochemical and manufacturing plants worth more than $4 billion.

Brad Ferguson, president of the EEDC, said if all of the proposals go ahead, the gas plant and the other projects would create 2,000 permanent jobs.

Ferguson said the development would be built in three stages over five years.

"We are excited about it, but like other projects, there are a number of hurdles that you have to go through in order for it to become a reality," Ferguson said Monday.

"They have a long way to go. Our job is to work with them to make them successful."

Ferguson said the EEDC, which is owned by the City of Edmonton, would provide media and government relations advice to Gascana.

Officials with Gascana could not be reached for comment.

The EEDC said the proposal calls for the LNG plant to be built in an industrial park to be developed in Sturgeon County north of Edmonton.

The liquefied natural gas would be transported to market in rail cars to British Columbia for export to China.

The Alberta Energy Regulator, which reviews such proposals, has not received an application for the project.

— By John Cotter in Edmonton

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 



23433

FEATURED Property
2096726595 Yates Rd
2 bedrooms 2 baths
$499,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22707