Maple LNG, the Canadian affiliate of Dutch company 4Gas and Russia's Suntera, said Monday they had signed agreements with Keltic to develop a proposed LNG project on the Nova Scotia coast northeast of Halifax.
The project would not only feed gas into Canadian and U.S. natural gas pipelines, but also include a major petrochemicals plant run by Keltic, a private Halifax-based company. Under the agreement, Maple LNG will acquire 100% of the proposed liquefied natural gas operation of the Keltic project and would give Keltic access to the gas for its own petrochemical production.
Keltics integrated project consists of a $4.5-billion petrochemical plant and separate LNG regasification receiving terminal and gas storage system, along with other infrastructure and is expected to take about three years to build once construction starts.
21-Mar-06 
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