Terrace Standard

Energy-export hub proposed

THE American millionaire businessman who bought an abandoned mining town along BC's northern coast with hopes of turning it into an exclusive resort now believes it has a future as an energy export hub.

Krish Suthanthiran, owner of the former molybdenum mining town of Kitsault, is planning a facility of pipelines and other infrastructure for “oil, natural gas, and refined petroleum products that will travel to/from Kitsault, BC from Alberta, as well as Northeast and Northwest British Columbia,  according to a statement on the Kitsault Resorts Ltd. website.

These products will be shipped to Asia and other high demand markets,” the statement continues.

This project is estimated to cost $20 to $30 billion. We will be working with a consortium of energy producers, governments, customers, engineering firms, investors, First Nations, and others to accomplish these goals.”

Suthanthiran is to be one of the speakers at a Jan. 8 press conference in Ottawa where facility plans will be officially released.

Kitsault was built in the late 1970s to house those working at a nearby molybdenum mine and their families.

But the market for molybdendum collapsed during the recession of the early 1980s so the mine was closed and the town abandoned.

Suthanthiran bought the town in 2005 and proposed various types of uses, including developing a high end resort.

It is located north of Terrace with access by road through the Nass Valley.

Suthanthiran's plans come at a time when a number of natural gas companies want to build pipelines from northeastern B.C. to planned liquefaction plants on the coast for export to Asian customers.

At last count, two projects have received environmental approval at Kitimat and three more are being proposed – a third one at Kitimat and two at Prince Rupert.

 

 

 

 

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Virk shuffled to new job after Kwantlen flap
 
Lack of addiction treatment flagged by crime panel
 
Hydro power switched on in the Iskut area
Worker, senior accommodations planned at former church in Prince Rupert
 
Prince Rupert School District concerned about appropriateness of work camp near middle school
 
Students taking to the stage for Salvation Army
Jackson-Hill named Prince Rupert’s Fire Chief for a Day
 
Tourism Kelowna loves the look of the new Super, Natural BC
 
Interdisciplinary fine arts degree at UBCO

Community Events, December 2014

Add an Event


Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Dec 19 edition online now. Browse the archives.