Nexen Energy cancels Aurora LNG project

Nexen Energy cancels Aurora LNG project

Canada’s Nexen Energy, a wholly-owned subsidiary of China’s CNOOC, has announced that the company and its partner INPEX Gas British Columbia (IGBC) have made the strategic decision to cancel the Aurora LNG feasibility study and will cease all investigation activity effective immediately.

Over the past four years the Aurora LNG project has been conducting a thorough feasibility study on liquefying and shipping LNG from the northwest coast of British Columbia to Asian markets. The project planned to build a LNG plant in Prince Rupert and to ship 24m tonnes of LNG per year.

“Through this feasibility study, Aurora LNG has determined that the current macro-economic environment does not currently support the partners’ vision of developing a large LNG business at the proposed Digby Island site,” Nexen Energy said in a statement.

Nexen said its upstream operations in the Horn River basin will continue while it winds down operations in the Prince Rupert area, and the partners will also monitor the North American gas market to evaluate future upstream and downstream investments.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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