LNG storage tanks are designed in compliance with the Canadian Standards Association, which has specific standards for the design and installation of LNG storage facilities. In addition, the storage of LNG is closely regulated by the BC Oil and Gas Commission.
LNG facilities cost billions of dollars to build because they include costly equipment that has to meet high safety standards. LNG facilities also need many specialized components and large amounts of special stainless steels which can resist the effects of the extreme cold needed to turn the natural gas into LNG.
As industrial sites, LNG facilities in Canada must meet strict codes regarding the design, installation, and operation of LNG facilities, as well as the production, storage and handling of LNG. These standards, codes, and regulations are established and enforced by the Canadian Standards Association, as well as federal, provincial and municipal bodies.
In 50 years of LNG carrier operations, and more than 80,000 voyages over 240 million kilometers, there has never been a major release of LNG from a carrier due to a collision, explosion, fire or hull failure.