News from Reuters
Canadian Superior plans LNG facility off New Jersey
Tuesday, May 20, 2008
CALGARY, Alberta (Reuters) - Canadian Superior Energy Inc
Canadian Superior, a small natural gas explorer which recently hit a large gas pool off the coast of Trinidad, and Global LNG Inc, a private firm controlled by the explorer's management, are backing the Liberty Natural Gas Project, the company said.
As well, the company said the government of Trinidad & Tobago has been invited to participate.
The facility will be designed to regasify 2.4 billion cubic feet of liquefied natural gas from a receiving terminal 15 miles off the New Jersey coast.
A similar proposal, the Broadwater LNG project backed by
Canadian Superior shares rose 26 Canadian cents to C$4.27 on the Toronto Stock Exchange. The shares have climbed 17 percent over the past 12 months.
(Reporting by Scott Haggett; Editing by Bernadette Baum)
© Reuters Limited. All Rights Reserved.
Reproduction or redistribution of Reuters content, including framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.