Nexen Energy, a Calgary-based subsidiary of China National Offshore Oil Corporation (CNOOC), and Inpex Gas British Columbia Ltd. have cancelled the C$28bn (around US$23bn) Aurora LNG project feasibility study (Digby island, west of Prince Rupert, British Columbia, Canada). The minimum investment criteria expected for the project have not been met and the two companies estimate that the current macroeconomic environment is not supportive of their vision of developing a large LNG business at the proposed Digby Island site. This is another blow to the British Columbia LNG industry after the termination of the Petronas-led Pacific NorthWest LNG project in July 2017.
The Aurora LNG project was still at the feasibility study stage and included the design, construction and operation of a LNG facility and marine terminal on Digby island (British Columbia). It was approved by the Canadian National Energy Board (NEB) back in 2014 for a maximum capacity of 24 bcm/year. The project was meant to be developed in 2 phases of 12 Mt/year each (2 x 6 Mt/year train) and the construction was initially planned for 2020-2024, with a commissioning date expected in 2025.
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