Shortly after AltaGas announced plans to proceed with building a $500 million propane export terminal on Ridley Island, the company has confirmed a Wall Street Journal report that they are in merger negotiations.
While the Calgary-based company did not name who they were in negotiation with, citing unnamed sources, the Wall Street Journal reported that AltaGas is looking to merge with WGL Holdings Inc. in a deal worth US$5 billion to $6 billion.
"While we are in discussions regarding a potential transaction with a third party, no agreement has been reached and there is no assurance that these discussions will continue or that any transaction will be agreed upon. Until such time as it is appropriate to make a public announcement on any potential transaction, should one occur, AltaGas will not comment further on this matter. Any announcement regarding a potential transaction will be disclosed in accordance with applicable legal and regulatory requirements," AltaGas stated in a press release.
Nigel Kuzemko, Chief Executive Officer of Steelhead LNG, announced today the appointment of two new members to the company's executive team in Vancouver.
Paul Sullivan, formerly Senior Vice President of Global LNG and Floating LNG (FLNG) at Worley Parsons Group, has been appointed Vice President, Projects and Gerry Peereboom, has been appointed Vice President, Integration and will lead the schedule, risk assessment and risk mitigation across the company, while playing a key role in the ongoing structuring of the midstream and interface with Steelhead LNG's upstream partner, Seven Generations Energy. He will also oversee the development and application of Steelhead LNG's environmental stewardship best practices.
AltaGas Ltd. has made a Final Investment Decision (FID on its Ridley Island Propane Export Terminal shortly after received approval from federal regulators. AltaGas has executed long-term agreements securing land tenure along with rail and marine infrastructure on Ridley Island, and will proceed with the construction, ownership and operation of the Ridley Export Terminal.
Construction on the estimated $475-million facility is expected to begin in early 2017 in compliance with the approval conditions and expects to be in service by the first quarter of 2019. The project will result in 200 to 250 construction jobs and about 40 to 50 permanent jobs. The terminal is designed to ship 1.2 million tonnes of propane per year, with the company supplying about half of the product itself and outsourcing the rest.
AltaGas has a definitive agreement to sell at least half of the propane exports from the Ridley Terminal to Japan-based Astomos Energy Corp., and is in discussions with several buyers on further capacity commitments.
Pacific Northwest LNG is looking at options for reducing the cost of its $11.4B LNG export terminal on Lelu Island in Prince Rupert. The current design plans for the construction of a 1.6-kilometre-long suspension bridge to carry a pipeline beginning on Lelu Island and extending over Flora Bank. Ridley Island is believed to be an option being reconsidered for the terminal site as Pacific NorthWest LNG carries out a total project review prior to making an anticipated announcement on its investment decision in mid-2017.
Woodfibre LNG Limited has announced plans to move ahead with the construction of the new LNG facility in Squamish, BC. Parent company Pacific Oil & Gas Limited authorized funds for the $1.8 billion project to proceed on the former Woodfibre Pulp and Paper Mill site which is located at the ancestral village site of Swiyat. The project includes a natural gas liquefaction and export facility that is capable of exporting approximately 2.1 million tonnes of liquefied natural gas (LNG) per year for 25 years. Thirteen conditions on WLNG were imposed through the Squamish Nation (SN) Process and SN Environmental Assessment Agreement and until it is confirmed that all conditions have been met the Nation may revoke its Environmental Assessment Certificate (EA Certificate) and terminate the Environmental Assessment Agreement. Construction expected to begin in 2017, with operations starting in 2020.
The Review Panel for the Roberts Bank Terminal 2 Project has scheduled a second orientation session open to the public on September 16, 2016 in Vancouver. A live webcast of the orientation session will be made available. For details regarding the orientation session, please visit the Canadian Environmental Assessment Agency's website.
The Canadian Environmental Assessment Agency (the Agency) commenced a federal environmental assessment for the proposed Kitimat Clean Refinery Project, an oil refinery project located north of Kitimat, British Columbia. Public comments are invited on potential environmental impacts and what should be examined during the environmental assessment, as detailed in the draft Environmental Impact Statement (EIS) Guidelines. Comments received will be taken into consideration in finalizing the EIS Guidelines before issuing them to the proponent. This is the second of four opportunities for the public to comment on this project. All comments received will be considered public.
Written comments must be submitted by August 12, 2016 to:
Kitimat Clean Refinery Project
Canadian Environmental Assessment Agency
410-701 West Georgia Street
Vancouver, British Columbia V7Y 1C6
Kitimat Clean Refinery Project (Canadian Environmental Assessment Agency)
Basics of Environmental Assessment (Canadian Environmental Assessment Agency)
Shell and its partners PetroChina, Mitsubishi Corp and Kogas,have decided to delay its final investment decision on the LNG Canada due to industry challenges including capital constraints. LNG Canada was expected to announce a decision at the end of 2016. The project has achieved regulatory and environmental approvals and the support of Haisla First Nation who expressed extreme disappointment with the deferral.
The Federal Court of Appeal has overturned approval of Enbridge's Northern Gateway project after determining that that federal government failed to properly consult the First Nations affected by the pipeline.
The federal government gave the go-ahead to the Northern Gateway project after a National Energy Board joint review panel gave its approval subject to 209 conditions. However the federal government was also supposed to meet a constitutional requirement to consult with Aboriginal Peoples "on any project-related concerns that were outside of the Joint Review Panel's mandate" following the release of that report. The Appeal Court ruling says the standard for consultation doesn't have to be perfection, but rather "whether 'reasonable efforts to inform and consult' were made." The judges found the federal government had not met that standard. The approval of the project will go back to the federal government for consideration once the appropriate consultations are held.
Last week, the Government of Canada announced the dates and locations of the public events for its Ministerial Panel to hear from communities about the Trans Mountain Expansion Project. The Panel will hold 18 public meetings in July and August (view on-line schedule: http://mpmo.gc.ca/measures/272). The panel is comprised of former Yukon Premier Tony Penikett, ex-Alberta deputy minister Annette Trimbee, and former Tsawwassen First Nation chief Kim Baird of BC. The panel is expected to submit a report to Minister of Natural Resources Jim Carr in November and a a final decision on the $6.8-billion project is expected on or before December 19 this year.
The Review Panel invites the public to attend, or observe via webcast, an orientation session where information will be provided by federal and provincial bodies that have a mandate and expertise in relation to the proposed Project and its potential environmental effects. The Project Proponent, the Vancouver Fraser Port Authority, will provide an overview of its responsibilities as they relate to marine activities. Although participants and the public will not have an opportunity to ask questions during the session, follow-up questions may be sent to the Panel for its consideration.
The Review Panel intends to provide a live webcast of the orientation session and to archive the video recording. A transcript of the proceedings will be posted on the Registry following the session. The orientation session will be held on Tuesday, June 28, 2016 from 9:00 am - 5:00 pm local time at Simon Fraser University - Segal Building, 500 Granville Street, Vancouver.
Please access the webcast at: http://events.xelivebroadcast.com/events/june28robertsbankterminal2/
The webcast viewing instructions are available at: http://xelivebroadcast.com/instructions/
The draft schedule for the orientation session is posted on the Registry at: http://ceaa-acee.gc.ca/050/documents/p80054/114746E.pdf
Vancouver Fraser Port Authority has approved G3 Terminal Vancouver’s application to construct a grain handling and export facility on the Lynnterm West Gate site in North Vancouver. The proposal includes removal of existing buildings and facilities, site preparation, and construction of a new grain terminal including buildings, grain storage silos, a rail loop to accommodate three trains of up to 150 cars each per day, and a new berth for vessel loading. Annual throughput is estimated at 8 million metric tonnes and local benefits include 175 construction jobs and 50-60 permanent jobs.
The project was approved subject to 74 permit conditions that G3 must adhere to in order to ensure the project does not result in significant adverse environmental effects, including impacts to the surrounding community, stakeholders and Aboriginal groups. Copies of the report and permit are available on the port authority’s website. G3 Terminal Vancouver is a joint venture partnership between G3 Global Holdings and Western Stevedoring Company Limited while G3 Global holdings ia a limited partnership established by Bunge Canada and SALIC Canda Limited.
The Honourable Catherine McKenna, Minister of Environment and Climate Change, has appointed a three-member Review Panel to conduct the environmental assessment of Vancouver Fraser Port Authority's proposed Roberts Bank Terminal 2 project. Ms. Jocelyne Beaudet has been appointed as the Chair of the Review Panel. Dr. Diana Valiela and Dr. David Levy have been appointed as members of the Review Panel. In total, the Vancouver Fraser Port Authority undertook assessments for 30 subject areas that were of interest to the port authority, regulators, Aboriginal groups, local government and the public, including topics such as birds, fish, whales, noise, light and human health. The Environmental Impact Statement includes 77 studies, contributions from more than 100 professional scientists and over 35,000 hours of field work. The Terms of Reference establish the mandate and composition of the Review Panel, as well as the procedure and timelines of the environmental assessment.
The construction of this new facility would create 12,700 person-years of employment over a five-and-a-half year period and its operation would support approximately 12,400 full-time jobs on an ongoing basis.
The National Energy Board has given Kinder Morgan Trans Mountain's expansion project approval if 157 conditions are met, including 49 environmental requirements. The federal government will now make its final decision on the project in December 2016, and should everything fall into place, the in-service date for the expanding pipeline is expected to be December 2019. Conditions relating to the marine compoment included increasing oil spill response capability from 10,000 tonnes up to 20,000 tonnes and developing a mammal protection program. The NEB is also requiring Kinder Morgan to file an updated greenhouse gas assessment two months after the pipeline is built. The analysis would include the total direct emissions generated from construction. For the first time, the NEB is requiring the company to offset those emissions.
The Honourable Jim Carr, Minister of Natural Resources, announced that Ms. Kim Baird, Mr. Tony Penikett and Dr. Annette Trimbee will comprise the Trans Mountain Pipeline Expansion Project Ministerial Panel. The panel is tasked with engaging communities and local Indigenous groups and reviewing feedback that will be provided online regarding the project and project-related issues. The panel’s work starts in June and concludes in November with a report to Minister Carr, which will be made public.
The Canadian Environmental Assessment Agency has concluded its completeness review of the Vancouver Fraser Port Authority's Environmental Impact Statement, Marine Shipping Addendum and responses to the Agency's additional information requirements for the proposed Roberts Bank Terminal 2 Project (the Project), and has determined that the environmental assessment may now proceed to the Review Panel process phase. The letter from the Agency to the Vancouver Fraser Port Authority regarding the end of the completeness review is available on the Canadian Environmental Assessment Registry Internet Site (public registry) at the following location: http://ceaa.gc.ca/050/documents/p80054/114427E.pdf
Richardson International Limited has announced the completion of its $140-million expansion project that nearly doubles the storage and receiving capacity of its export terminal in North Vancouver. The project included adding an 80,000-metric-tonne concrete grain storage annex to its terminal, increasing storage capacity to 178,000 metric tonnes. The terminal now has the ability to handle in excess of six million tonnes each year to meet growing demand for Canadian grains and oilseeds. Richardson also upgraded and enhanced its rail yard and receiving system to handle and process railcars more efficiently.
Even during construction, the facility typically ships about three million tonnes of grain each year, set a new handling record in 2015, shipping 5.2 million tonnes. Richardson shipped 551,000 tonnes of grain in April 2016 alone, beating the previous record of 489,000 tonnes. That same month, the Vancouver terminal received 5,400 rail cars - 200 more than it has ever received in the same time period.
Richardson is a worldwide handler and merchandiser of all major Canadian-grown grains and oilseeds and a vertically-integrated processor and manufacturer of oats and canola-based product and is headquartered in Winnipeg and has over 2,500 employees across Canada and in the US.
Woodfibre LNG Export Pte has signed an agreement with Guangzhou Gas Group Co. to deliver liquefied natural gas to the Chinese gas company for 25 years starting in 2020. With the approval in place to move ahead, a final investment decision by Woodfibre LNG for its Squamish export facility has yet to be announced. However, this is a good indication that an announcement will be made in the near future.