Fort St. John Market Report – February 2017

Woodfibre-LNG-offers-few-jobs-vs.-big-impacts-Retired-KPMG-partnerApplication for a 40-Year Export Licence For Woodfibre LNG Project

The licence would allow the export of approximately 2.1 million tonnes of LNG per year for 40 years from the Woodfibre LNG Project READ MORE

 

 

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2017 could be pivotal year for energy sector

Hundreds of millions of dollars are expected to start flowing into B.C. in 2017 in the form of energy infrastructure investments, from the Trans Mountain pipeline expansion to the Woodfibre LNG plant in Squamish to natural gas wells, pipelines and processing plants in northeastern B.C. READ MORE

oilgas_montney-rig-worker_source_encana.png__960x536_q85_autocrop_crop-scale_subsampling-2_upscaleB.C. oil & gas land sale raises more in one day than last two years combined.

Eight drilling licences brought in $39.6 million, including a record-setting $35 million parcel east of Dawson Creek. READ MORE

DSite Cecember saw a decent sized jump in the number of people working at the 1,100 megawatt Site C Dam

BC Hydro’s Site C Dam is Canada’s largest infrastructure project. In December, there were a total of 1,916 workers on the 1,100 megawatt dam. The number of Construction and Non-Construction Contractors jumped by 149 to a total of 1,531, 1,250 or 82 percent of whom were B.C. residents. BC Hydro has created a very cool 2-minute drone video capturing the progress of the project to date, to watch the video click here

AltaGasAltaGas will build its $500-million Propane Export Facility

AltaGas will proceed with building its Ridley Island Propane Export Terminal, a $500 million facility that would export 1.2 million tonnes of propane a year to Japan and other Asian markets.“Together with our northeast B.C. infrastructure, once the Ridley Export Terminal is built and operating, we will give producers new access to premium Asian markets for their propane.” [read full article here]

AlMontneytaGas to build new Montney facilities for $180-million

AltaGas Ltd. to build a 120 million cubic feet per day deep-cut natural gas processing facility, a natural gas liquids separation train, and rail terminal this year.The deep-cut processing facility is expected to cost approximately $100 – $110 million while the separation train and rail terminal are expected to cost an additional $60 – $70 million. They expect the facilities to be online in early 2019. [read full article here]