Bear Head LNG buys additional land as it expands proposed facility

HALIFAX, Nova Scotia -- Liquefied Natural Gas Limited’s wholly owned subsidiary, Bear Head LNG Corporation, Inc. has reached an agreement to purchase additional land from Nova Scotia Business Inc. (NSBI) to support expansion of its proposed LNG facility on the Strait of Canso in Richmond County, Nova Scotia.

“The acquisition of additional land is very important for our project. It enables us to increase the capacity of the LNG facility from a nominal eight mtpa up to 12 mtpa in 2024, as per our approval from the National Energy Board,’’ said Maurice Brand, president of Bear Head LNG. “Over the past couple of years, Bear Head LNG has made significant progress on the project by obtaining regulatory certainty. This agreement between Bear Head LNG and NSBI is important for future development and planning, thus facilitating economic growth and job creation in the Strait region.”

Under the agreement reached with NSBI, Bear Head LNG will acquire an additional 72‐acres of land directly adjacent to its existing 255‐acre site on the Strait of Canso.

“We are pleased to work with Bear Head LNG, which is involved in a growing and vital LNG export sector in North America,” said Warren Olsen, CAO, Richmond County Municipality. “Bear Head LNG is committed to supporting the local economy in Nova Scotia that will provide substantial economic and social benefits for the community, First Nations, and Nova Scotia.”

Bear Head LNG has approval from the U.S. Department of Energy to export U.S.‐sourced natural gas to both nations that do and nations that do not have free trade agreements with the U.S. Canada’s National Energy Board has granted Bear Head LNG approval to export up to 12 mtpa of LNG. Further, Bear Head LNG has all the initial federal, provincial, and municipal regulatory approvals required to begin project construction.

In addition, Bear Head LNG has recently opened an office in Halifax. The company is continuing to expand its presence in Nova Scotia. Brand said opening an office in Halifax is another step in expanding its local presence and further demonstrates the company’s commitment to advancing the Bear Head LNG project.