23:38:48 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Fortis Inc
Symbol FTS
Shares Issued 215,350,982
Close 2014-09-04 C$ 34.18
Market Cap C$ 7,360,696,565
Recent Sedar Documents

FP says FortisBC to supply nat gas to Hawaiin Electric

2014-09-05 06:42 ET - In the News

The Financial Post reports in its Friday, Sept. 5, edition that Canadian liquefied natural gas may soon be lighting up Hawaii, if plans to ship the super-chilled gas to the Pacific island state come to fruition. The Post's Yadullah Hussain writes that as 16 LNG consortiums consider investments on the West Coast, FortisBC Energy Inc. is expected to beat the traffic and start supplying LNG to Hawaiian Electric under a 15-year agreement starting mid-2017, subject to regulatory approvals. FortisBC vice-president Doug Stout says: "This is our first long-term agreement of this type. ... It's a niche LNG project, and a different kind of play than the northern B.C. and U.S. Gulf Coast projects, which are very large scale and have large shipping logistics." Hawaiian Electric will secure an export licence from the National Energy Board. While small, the Hawaii deal underscores the breadth of possibilities and untapped markets for Canadian natural gas. Mr. Stout says: "We have had some interest from other offshore markets in North America, Asia and South America. ... It's early days, so we haven't nailed anything down, but there has been an interest when people see the opportunity and what they might be able to do."

© 2024 Canjex Publishing Ltd. All rights reserved.