logo
  Join        Login             Stock Quote

Kitsault Energy is Planning a Multi-Phase Dedicated Energy Corridor and Energy Export Terminal, Costing up to 35 Billion USD over 8 to 10 years

Tuesday, April 16, 2013 4:00 AM


Kitsault is located 800 km (500 miles) north of Vancouver, British Columbia and 140 km (85 miles) north of Prince Rupert, British Columbia, Canada. It is a purpose-built resource community with complete community infrastructure and housing for nearly 1,000 residents. With nearly 350 acres of industrial and residential land, full B.C. Hydro service, and a deep water port, Kitsault makes both economic and environmental sense as the preferred location to be the Liquefied Natural Gas (LNG) terminal site for the export of natural gas that is found in Northeast British Columbia to Asia and other markets. LNG pipeline routing to Kitsault has already been proposed by others.

Kitsault Energy (KE) is exhibiting at the World LNG Conference (LNG17) in Houston, Texas, USA, April 16-20, 2013. The multiple phases of the Kitsault Energy project are: Phase 1 will include a pipeline from North East British Columbia at Dawson Creek, Canada to Kitsault, BC (East to West), and will include a Floating LNG (FLNG) Port Facility. Phase 2 will bring a North to South pipeline from Fort Nelson to Dawson Creek, BC. Phase 3 will include a land based LNG Plant, and LNG Export Facility at Kitsault, BC. Phase 4 includes other plans for expansion in the future.

Advantages of Kitsault Energy as a Dedicated Energy Corridor and Export Terminal

1. Kitsault is the closest location to the natural gas-rich Northeast British Columbia, Canada to establish a Dedicated Energy Corridor and Export Terminal.

2. Kitsault has the infrastructure with 90 houses (three bedrooms with basement) and 150 condos (2-3 bedrooms) to house nearly 1000 residents, along with the necessary Recreation Center, Medical Clinic, Shopping Center, Post Office, Bank, Restaurants, Supermarket, Training Center, etc. ready to occupy.

3. Kitsault, the entire town, has full British Columbia Hydro Power service.

4. Kitsault can be accessed by road, multiple airports, water, helicopters, float planes, water taxi, etc.

5. It has Deep Water for navigation of Tankers, Barges, Ships, etc.

6. There is plenty of land for FLNG, Land Based LNG, Port, Export Terminal, and other infrastructure.

7. It will save two to three years in project planning, construction of pipelines and other facilities.

8. A project using Kitsault can save as much as 5 Billion USD from the total cost of the project.

9. The pipeline can be shorter by 100 to 200 kilometers, and savings on this alone can be 1 to 3 Billion USD in cost and 1 or more years of time.

10. Kitsault is a privately owned Fee Simple Property, with 350 acres of land. Additionally, many thousands of acres of land are available if needed.

11. Kitsault is located in the Regional District and is not a Municipality. Therefore, industrial and other taxes will be lower with potential savings of a couple of hundred million USD or more per year in taxes alone.

12. Kitsault used to be a Molybdenum (used for strengthening steel) Mine, and as a result, extensive environmental assessment has been performed for the site itself as recently as 2012.

13. The pipeline from Northeast B.C. to Kitsault will primarily be along less populated Crown Land and some First Nation’s land with little variation in elevation, and therefore will cause the least environmental impact.

14. From Kitsault’s Export Terminal, the tankers, barges and ships can enter the ocean quickly without experiencing any congestion from navigation related to other traffic such as containers or grain loading and unloading as in Kitimat and Prince Rupert in B.C.

15. For its energy needs, Asia will be able to rely on supplies from the privately owned Kitsault Energy and join as an equity partner to have a long term contract with a stable and reliable supply at reasonable prices from Canada, a strong, vibrant and democratic country.

16. A Dedicated Energy Corridor and Export Energy Terminal at Kitsault will have a tremendous future for other expansion plans benefitting British Columbia, all of Canada and Asia.

Some of the companies focused on Kitimat or Price Rupert for pipeline and LNG terminals have spent a few billion USD or more in setting up and planning for site development, with limited options for expansion. In addition, Kitimat and Prince Rupert are experiencing a tremendous growth in container and grain traffic and plan to more than double this traffic by the end of this decade, when many of the proposed LNG projects in Kitimat and Prince Rupert will become operational. While this is very positive for B.C. and Canada, it poses many operational and logistical challenges and has the potential to increase the cost of LNG to the customers and consumers.

The USA and Canada will spend nearly 15 Billion USD per month over the next two decades in oil and gas exploration, infrastructure, production and distribution. Significant investments are also needed in all the First Nations Communities (FNCs) for purified drinking water, sewer systems, healthcare, education, job training, jobs and housing. With increased royalties from the energy sector, as well as contributions from the Federal and Provincial governments, this can be accomplished during this decade. We at Kitsault Energy, Best Global Talent Agency and Best Cure Foundation are acutely aware of this urgent need in the FNCs and are eager to participate proactively in the revitalization of the energy sector and its infrastructure, in partnership with FNCs across Canada.

Best Global Talent Agency was established recently to meet the growing need of various industries for a highly trained and skilled labor force, and to provide training to First Nations Communities and others for these high paying jobs. Best Cure Foundation was established in 2007 to make quality healthcare and education affordable and accessible globally.

About Krishnan Suthanthiran, Founder & President of Kitsault Energy and TeamBest Companies

Krishnan Suthanthiran immigrated to Canada from India in September 1969 after graduating with a Bachelor’s Degree in Mechanical Engineering from University of Madras, India, to pursue his Master’s Degree in Mechanical Engineering at Carleton University, Ottawa, Ontario, Canada. He arrived with a total of 400 Canadian Dollars. Subsequently, he received a National Research Council of Canada Research Assistantship, and graduated with a Master’s Degree in 1971. Having lost his father to cancer while he was an undergraduate student in engineering, he has dedicated his career to cancer prevention, early detection and effective treatment for the Total Cure. He moved to the United States in 1972 and worked as an Engineer Physicist at Howard University Hospital in Washington, DC, USA until 1978. Since then he has founded and invested globally many millions of USD in medical, real estate, construction, entertainment, and energy companies. He founded and currently is supporting a few non-profit charitable foundations to promote quality education and healthcare and making them affordable and accessible. He is pursuing a goal of providing purified drinking water and affordable sewer systems in every part of the world. He has contributed substantially to setting up endowed chair and endowments for scholarships. Also, he has provided significant funding to support medical research and treatment by partnering with academic centers, national labs, and hospitals globally.

For more information, please visit:

www.kitsaultenergy.com
www.bestcure.md

(Source: Business Wire )
(Source: Quotemedia)

Advertisement
Advertisement



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.