Liquefied Natural Gas Limited of Australia announced its intention to finalize the purchase of the Bear Head site from Anadarko Petroleum Corporation.
[ARICHAT, NS] - Richmond County Warden Steve Sampson says the county welcomes the potential development of an LNG export facility at Bear Head, a project which would have a significant positive impact in the area.
“This is an exciting announcement for our county. This project has the potential to create hundreds of good-paying, highly-skilled jobs in our own backyard,” Sampson said today in a news release.
His remarks came after Liquefied Natural Gas Limited (LNGL) of Australia announced its intention to finalize the purchase of the Bear Head site from Anadarko Petroleum Corporation.
“It is crucial to the entire Strait area that the Bear Head site be developed," Sampson said. "This is a world-class site located on deep, ice-free water. We feel its development could be a catalyst for additional projects in our area.”
Anadarko Petroleum Corp. wanted to build a $500-million liquefied natural gas terminal at Bear Head to supply natural gas to the Maritimes and Northeast pipeline by 2008. The company slowed construction after it failed to secure a long-term gas supply.
Anadarko announced in 2007 that it had written off its investment in the project and would mothball the site.