Triton LNG Export Terminal

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Triton LNG Export Terminal is a proposed LNG terminal in British Columbia, Canada. There have been no development updates since 2014, and it is presumed to be cancelled.

Location

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Project Details

• Owner:
• Parent: AltaGas (50%), Idemitsu Kosan (50%)
• Location: Douglas Channel, British Columbia, Canada
• Coordinates: 53.666667, -129.133333 (approximate)
• Capacity: mtpa, 0 bcfd
• Additional Proposed Capacity: 2.3 mtpa, 0.33 bcfd
• Status: Cancelled
• Type: Export
• Start Year:

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Triton LNG Export Terminal is a proposed LNG terminal in Kitimat, British Columbia, Canada.

A few years prior to 2017, it appeared that British Columbia would enter an LNG boom. Twenty-two LNG proposals aimed for the coast were to move fuel from the methane-rich Montney Basin in northeastern BC to Asia. Sightline reports that the provincial government fueled the LNG boom by granting permits, cheap power, and tax breaks. The provincial government promised it would deposit tax revenues from LNG projects in a “prosperity fund” that could reduce other taxes or eliminate debt.

"The project's backer, Altagas, originally planned two LNG facilities for Kitimat: Triton LNG and Douglas Channel LNG. In early 2016, however, Altagas halted all further development of Douglas Channel LNG, and the company has also put Triton on the back burner. If built, Triton would probably be located on the same lot slated for Douglas Channel LNG and would link up to the proposed expansion of Altagas’s Pacific Northern Gas pipeline. If Triton does not move forward, Altagas will still have some hope for exporting a natural gas product, as the company is planning to build a propane export facility on Ridley Island near Prince Rupert", according to the Sightline Institute's 2018 report, "Update: Mapping BC’s LNG Proposals."

Triton LNG’s joint venture partner, Japanese oil company Idemitsu Kosan, “suspended all efforts” on the project in mid-2016. At the time, Altagas said that both projects were “on hold right now”, according to the Sightline Institute's 2018 report, "Update: Mapping BC’s LNG Proposals." But there have been no development updates since 2014, and it is presumed to be cancelled.