H-Energy has signed memorandums of understanding with customers for half the planned LNG output
HALIFAX—Nova Scotia’s energy minister says he welcomes news that Indian company H-Energy has signed memorandums of understanding with customers for half of the planned output from a proposed liquefied natural gas (LNG) plant and export terminal in Guysborough County.
Andrew Younger says the agreements with companies in India, the Middle East and Europe increases the prospect of bringing more natural gas through Nova Scotia.
Younger says the memorandums of understanding help advance the proposed facility in Melford, N.S., which the company is aiming to have operational in 2020.
He says the $3-billion development could produce 13.5 million tonnes of LNG per year.
The provincial government says H-Energy has yet to secure environmental approvals but plans to do so.
A subsidiary of India’s Hiranandani Group, H-Energy announced in May 2013 it was conducting a feasibility study for the potential project on Cape Breton Island.