Financial Post – Steelhead proposes US$30-billion LNG export facility on Vancouver island

Yadullah Hussain | July 8, 2014 | Last Updated: Jul 8 6:20 PM ET

Upstart firm Steelhead LNG Corp. is hoping that it can break the dominance of major gas players to carve a market for independent companies in British Columbia’s crowded liquefied natural gas market.

Steelhead applied for an export permit with the National Energy Board to transport up to 30 million tonnes per annum (mtpa) of liquefied natural gas, the company said Tuesday at a press conference in British Columbia.

The Vancouver-based company also signed an agreement with the Huu-ay-aht First Nations (HFN) to jointly explore the development of the LNG project on HFN-owned land at Sarita Bay, about 10 kilometres north of Anacla at the southern end of Alberni Inlet on Vancouver Island. The company also has the support of Port Alberni Port Authority, which played matchmaker by encouraging the First Nations group to discuss an LNG initiative with Steelhead.

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