LNG port for another West Canadian town

Set to open in 2017, the new Stewart World Port sits at the end of the Portland Canal and will have floating and land-based natural gas liquefaction plants, LNG storage and marine loading facilities. The liquefaction component will initially include floating LNG (FLNG) with an annual capacity of five million metric tonnes (MMt), while the remaining 25 MMt liquefaction capacity will be met from land based processing facilities.

There are already 18 proposed LNG projects in nearby Kitimat, Squamish, Kitsault, Prince Rupert and elsewhere, that are part of the Canadian state’s LNG Strategy that aims to build infrastructure for new markets, like LNG, in a bid to boost local economies.

“Stewart is right on the cusp. They’re uniquely positioned in the heart of one of the most mineral rich regions in North American,” said Brad Moffat, chief development officer, Stewart World Port.

“On top of that, they’re on the doorstep of the Yukon and Northern Alberta, so perfectly set up for breakbulk cargos to both of those destinations as well,” he added.

Stewart World Port says its location means it’s a full day closer to Asian markets – its main advantage over southern ports – and has favorable climate, low winds, and good anchorage.

Once operational, it will be the most northerly ice-free port in Canada, and will serve both British Columbia and Alaska.