[craneSpotter]

$400 million plant expansion could shift B.C.’s domestic LNG transportation market into high gear

BIV October 28, 2014 - http://www.biv.com/article/2014/10/4...ft-bcs-domest/

Among the concerns being raised over new provincial regulations for liquefied natural gas development is that other sectors in B.C. might have to shoulder more of the burden for reducing greenhouse gases so the province can have an LNG industry and still meet its GHG reduction targets.

Perhaps ironically, a growing domestic LNG market might help achieve some of those reductions, as remote communities and the trucking and shipping industries make the switch from diesel to cheaper, cleaner-burning natural gas.

FortisBC and AltaGas Ltd. (TSX:ALA) are planning hundreds of millions of dollars worth of investments in LNG plants over the next couple of years to serve a growing domestic market for LNG.

Last week, FortisBC turned sod on a $400 million expansion of its existing LNG plant on Tilbury Island in Delta. The expansion – slated for completion in late 2016 – is being driven by a growing domestic demand for LNG by the trucking and marine industries.