Business

Steelhead LNG looking to the North Coast

A potential liquefied natural gas company is looking towards future development on the west coast.

But where is a question that is yet to be answered.

Steelhead LNG on March 18 announced that a former B.C. Attorney General Geoff Plant had been appointed to the company's board of directors as the company builds up an experience-base on their corporate level that includes natural gas development from the supply-to-delivery side.

CEO Nigel Kuzemko said the company isn't setting sites on anywhere specific at the moment.

"We're not a one-site company," he said.

"What we do is, we're looking at more than one site up and down the west coast."

He also couldn't confirm the size of any potential LNG projects they'd build as it would be about "making the numbers work".

"We looked to identify sites, form partnerships with either the land owners or the local community or First Nations and develop the site and pull everything together so there's an opportunity for an LNG plant to be constructed. That takes quite awhile to do," he said.

Getting pipeline developed to service the plant is also another aspect that will need time.

It could take up to five years just to complete the permitting phase of any development.

The company said in an earlier news release they'd be attending Gastech in South Korea, a natural gas conference.

Meanwhile Kuzemko, while not himself Canadian, does take note that the company is based in Canada — the head office is in Vancouver — and the company has a staff that is mostly Canadian.

He said if they're successful, they'll possibly take their expertise into overseas markets.

The company is funded in Canada as well, including by a private equity firm in Calgary.

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