MapleLNG announced Thursday that 4Gas, its parent company, will assume sole ownership of the MapleLNG liquefied natural gas project in Goldboro, Nova Scotia following the purchase of Suntera Canada Ltd. interests in the project. 4Gas and Suntera jointly purchased the MapleLNG project in March 2006.

"The change in ownership will offer direct communication with our project's owner and enable the project to move forward quickly," said Derek Owen, General Manager, MapleLNG.

"I would like to thank Suntera for its involvement in the MapleLNG project. The purchase solidifies the 4Gas business plan which is dedicated to developing and operating liquefied natural gas import terminals around the world," said Harry van Rietschoten, 4Gas executive director, responsible for the project.

4Gas currently holds a portfolio of six LNG terminal projects worldwide.

Project Background

Provincial and federal environmental approvals have been received for a liquefied natural gas importation and regasification facility in Goldboro, Nova Scotia.

The LNG importation and regasification facility at Goldboro:

  • Marine facilities to accommodate LNG carriers up to 250,000 cubic meters
  • Initially, three LNG storage tanks of 160,000 cubic meters, expandable to six tanks
  • Regasification facilities
  • The ability to transmit one billion cubic feet of natural gas per day, expandable to two billion cubic feet of natural gas per day
  • MapleLNG will construct and operate the LNG importation and regasification facility
  • MapleLNG will serve Central Canada, New York and Eastern Canada natural gas markets through its terminal strategically located adjacent to a pipeline transmission system that transports natural gas from Nova Scotia to markets in Canada and the United States
  • Goldboro is the closest point in North America for LNG delivery from the vast majority of LNG supplies - this demonstrates the value of the Goldboro location in the international arbitrage of LNG
  • The MapleLNG project positions Nova Scotia to have a continuing supply of natural gas for markets in Canada and the U.S.
  • Creates a new industry for Nova Scotia

MapleLNG is a Nova Scotia company and the Canadian indirect subsidiary of 4Gas. 4Gas is an independent company located in Rotterdam, solely dedicated to developing and operating liquefied natural gas import terminals around the world. 4Gas projects include Dragon LNG in Milford Haven, Wales; the LionGas project in Rotterdam, The Netherlands; the Pegaz LNG project near Bordeaux, France; the MapleLNG project in Nova Scotia, Canada; the Mashal LNG project in Karachi, Pakistan and the Vista del Sol project near Corpus Christi, Texas.

4Gas is an independent company with a focus on the development and management of LNG import, regasification and storage terminals. It is the world's only independent company fully focused on LNG and dedicated to developing a global network. 4Gas has offices in Rotterdam, Houston, Halifax, Paris, Bordeaux, Karachi, Abuja and Hong Kong.

The Carlyle Group and Riverstone Holdings, LLC have a controlling interest in 4Gas.

Related Project
Maple LNG
Facility Type: LNG Owner: 4Gas
Scope: New Construction Location: Goldboro Canada