Nova Scotia's LNG Opportunity
Today, natural gas is recognized as the world’s cleanest burning fossil fuel. Because it’s clean, safe and plentiful, it will remain an important part of the world’s future energy needs. And, we know the need for energy is increasing globally.
The North American supply of natural gas is outpacing domestic needs, so it can help meet global demand. There is potential in Nova Scotia’s offshore gas supply, too. Finding ways to get the gas from Canada and the US and into market is the opportunity before us.
Nova Scotia is well positioned to become a contender for LNG export to many international markets. We offer attractive shipping distances to world markets, deep tide water ports and pre-zoned industrial lands. Read more here.
Proposed Projects
There are four companies actively pursuing LNG export projects in Nova Scotia.
Goldboro LNG
Pieridae Energy Canada
Export Capacity: 5 to 10 million tonnes per year
Capital Investment: $5 to $10 billion CAD$
Jobs: 3,500 Construction; 200 Ongoing
Timeframe: Construction 2016; Operation 2020
Markets: 50% capacity committed to E.ON in Germany
Bear Head LNG
LNGL Ltd.
Export Capacity: up to 8 million tonnes per year
Jobs: 600-700 Construction; 45-70 Ongoing
Timeframe: Construction 2016; Operation 2020
Market: tolling business model;
AC LNG
H-Energy
Export Capacity: up to 13.5 million tonnes per year in phase 3
Capital Investment - $4 billion CAD$
Jobs: up to 3,500-4,000 Construction; 100-200 ongoing
Timeframe: Construction 2017; Operation 2019
Markets: Latin America, Europe, India
LNG Nova Scotia Inc.
Export Capacity: 250,000 tonnes per year
Capital Investment: $150 million CAD$
Jobs: 30-50 ongoing
Markets: Diesel replacement in Caribbean markets