Canadian energy company FortisBC entered into its first term supply agreement to produce LNG for Hong Kong-based Top Speed Energy Corp. to export to China, representing a first in Canada’s LNG export industry. This development was made possible by the completion of the Tilbury LNG expansion project in Delta, British Columbia earlier this year.
The two-year agreement will see 53,000 tonnes of LNG a year or about 60 ISO containers a week shipped from Tilbury to China by the summer of 2021.
The volume of LNG to be exported is equivalent to the volume necessary to heat more than 30,000 average B.C. households for a year, FortisBC said.
This is the first agreement of its kind that will see Canadian LNG shipped regularly to China. There is strong demand for Canadian LNG in China and this is an exciting time to be working in the industry here in B.C.,
…said FortisBC vice-president of market development and external relations, Douglas Stout.
Tilbury’s new expansion facility is designed to be one of the cleanest LNG facilities in the world, able to reduce between 90,000 and 180,000 tonnes of GHG emissions annually, according to a lifecycle GHG emissions tool developed for Tilbury.
This is the GHG emissions equivalent of removing every passenger-sized diesel truck in B.C.
The announcement of an LNG contract at Tilbury is an encouraging step for Canada’s LNG export industry. We are using sustainable Canadian fuels to reduce worldwide carbon emissions, and the opportunities to strengthen Canada’s economy and create good jobs continue to grow,
…said Amarjeet Sohi, Minister of Natural Resources.
According to the International Energy Agency, LNG imports will be critical to transition China’s energy system to a path that limits global warming.
