Le Lézard
Classified in: Oil industry, Business
Subject: LIC

NEB approves Quicksilver's export licence

CALGARY, June 30, 2015 /CNW/ - The National Energy Board (NEB) has approved the application of Quicksilver Resources Canada Inc. (Quicksilver) for a 25 year natural gas export licence with a maximum term quantity of 733 billion cubic metres 1 . The issuance of this licence is subject to the approval of the Governor in Council.

When evaluating natural gas and LNG export licence applications, the NEB considers if the quantity of gas proposed to be exported is surplus to Canadian requirements, taking into account trends in the discovery of gas in Canada.

The NEB has determined that the quantity of gas proposed to be exported by Quicksilver is surplus to Canadian needs. The NEB is satisfied that Canada's gas resource base, and the overall gas resource base in North America, is large and can accommodate reasonably foreseeable Canadian demand.  This demand would include the LNG exports proposed by Quicksilver as well as a plausible potential increase in Canadian demand.

The approved export points are the north side of Campbell River, British Columbia, at the outlet of the loading arm of a proposed natural gas liquefaction terminal.

The National Energy Board is an independent federal regulator of several parts of Canada's energy industry with the safety of Canadians and protection of the environment as its top priority. Its purpose is to regulate pipelines, energy development and trade in the Canadian public interest.

Related documents:


1 Applied-for term quantity including a 15% annual tolerance.


SOURCE National Energy Board

These press releases may also interest you

23 mar 2018
ClaimsFiler, a FREE shareholder information service, reminds investors that they have until April 10, 2018 to file lead plaintiff applications in a securities class action lawsuit against LJM Funds Management Ltd., if they purchased shares of the LJM...

23 mar 2018
Live Oak Village At Hammond Senior Living is now under new ownership and management and has been re-named Oak Park Village At Hammond Assisted Living and Memory Care after an extensive community renovation and upgrade to its offerings and amenities....

23 mar 2018
Agora Data, Inc. ("AGORA"), a Texas-based provider of technology solutions for the financial services industry, announces its partnership with industry leader Ignite Consulting Partners ("Ignite") to provide increased transparency and security to the...

23 mar 2018
Carmanah Technologies Corporation ("the Company" or "Carmanah") today reported its fourth quarter and fiscal 2017 financial results for the periods ended December 31, 2017.  Currency amounts are in U.S. dollars unless otherwise noted.      All...

23 mar 2018
Ecopetrol S.A. ("Ecopetrol" or the "Company") announces that, at the General Shareholders' Meeting held on March 23, 2018, the Company's Shareholders approved the following: 1. The plan for distribution of profits, which establishes a distribution...

23 mar 2018
Kontrol Energy Corp. ("Kontrol", or the "Company") announced today that, due to unfavorable market conditions, Kontrol will not be completing its proposed acquisition of the Blockchain software development firm referred to in Kontrol's news release...

News published on 30 june 2015 at 13:30 and distributed by: