Another LNG company surfaces in northwestern B.C.

And this time Stewart would be location for LNG terminal

A relatively new company that’s the latest entrant in the liquefied natural gas (LNG) sweepstakes in northwestern B.C. says it already has off-take supply agreements signed with energy groups in two major Chinese cities.

But the Canada Stewart Energy Group, which would export LNG from Stewart, says it is still looking to secure supplies of natural gas and partners to build a pipeline and LNG facility itself.

The company filed a gas export application yesterday with the federal National Energy Board, saying it would first use a floating LNG terminal and then move onshore.

It says its floating LNG terminal would have an annual capacity of five million tonnes a year of LNG, placing it on the smaller end of other proposed projects in the region.

Kitimat LNG also has a forecast size of five million tonnes a year.

But the Stewart group says its land-based terminals would increase its export capability by another 25 million tonnes a year, making it one of the largest of the proposed projects.

The company still has to receive environmental and regulatory approval for any project it might propose.

It says it would power its facilities by electricity taken from BC Hydro’s line into Stewart or by running its own gas-powered turbines or by a combination.

The company has not yet identified the Chinese energy groups with which it has off take supply agreements.