Our LNG facilities are powered by renewable hydroelectricity making them among the lowest emission facilities in the world. Through our affiliate company FortisBC Energy Inc. we are able to connect our customers to Canada’s abundant clean energy along one of LNG’s shortest shipping routes to East Asia. | FortisBC, FortisBC plans $3 billion expansion to LNG plant, 2020 BIV Newsmaker of the Year: provincial health officer Bonnie Henry, Interactive map: Today's COVID-19 cases in Canada, COVID-19: What Vancouverites and others had to say in 2020, B.C. Up to 19% greenhouse gas reduction for marine vessels using LNG compared to other marine fuels. No. The need for more storage was underscored in 2018 when the Enbridge natural gas pipeline that supplies the Lower Mainland and Washington with natural gas state ruptured, resulting in shortages and rationing. Learn how we’re fuelling change with CNG and LNG for trucks, marine vessels, locomotives and mining vehicles. The expanded liquefaction plant will be powered by electric drives and the facility will be air-cooled eliminating the need for cooling water. FortisBC uses the FortisBC name and logo under license from Fortis Inc. Fortis Inc. (FTS) operates as an electric and gas utility company in Canada, the United States, and the Caribbean countries. has also made changes to its provincial Environmental Assessment Act. Fortis LNG is the only Canadian company currently supplying clean, low-cost LNG to Asia. The existing Tilbury LNG Facility opened in 1971 and has safely operated in Delta, B.C. Should phase two be approved and sanctioned, it would bring the Tilbury Island plant’s capacity up to 3.5 MTPA. FortisBC Energy Inc. (formerly Terasen Gas) is a subsidiary of Fortis Inc., a Canadian, investor-owned corporation. Currently BC Ferries has five vessels operating on LNG and Seaspan has two, with two more LNG vessels on order, Stout said. FortisBC is still putting the finishing touches on a $400 million expansion of its Tilbury Island LNG plant, but is already pushing ahead with a second phase expansion. FortisBC plans to bring the Tilbury Island plant’s production up from 0.25 million tonnes per annum to (MTPA) to 1 MTPA. Massachusetts Financial Services Co /ma/ has disclosed 791 total holdings in their latest SEC filings. We also provide expertise and safe, innovative solutions for marine bunkering customers who want to convert their fleets and start fuelling with LNG. Interested in buying Canadian LNG today? researcher, Securities regulator grapples with fintech innovations, No free rides left on a sustainable business journalism journey, Former B.C. Should the phase two expansion be approved, it’s not expected to be complete until 2028. Fortis shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange. Our affiliate company FortisBC Energy Inc. owns and operates two LNG facilities located on international shipping routes, allowing our customers to ship their LNG efficiently and economically. Learn more about our facilities, our company and our plans for the future. When complete, the $3 billion expansion would mean the Tilbury Island plant would produce more LNG than the Woodfibre LNG plant in Squamish. FortisBC forecasts that the demand for LNG for marine bunkering could be 1 MTPA by 2030. We’ve been producing LNG on the West Coast of North America since 1971. These exporters are using ISO containers, which can be put on container ships, and shipping them to China. Terms and conditions | Copyright © Business in Vancouver. Artist's rendering of an expanded LNG plant at Tilbury Island. Our LNG currently ships trans-Pacific by ISO container, and to local markets via tankers and ISO containers. FortisBC Energy Inc. - the largest distributor of natural gas in the Province Owns four hydroelectric generating facilities, 7,300 km of power lines, two liquefied natural gas storage facilities, and 49,500 km of natural gas pipelines Regulated by the British Columbia Utilities Commission Contact us for more information and for purchase options. Most recent portfolio value is … Announces First Quarter Dividends - 2021 November 18, 2020 Fortis Inc. Reports Third Quarter 2020 Earnings October 30, 2020 Advisory: Fortis Inc. to Hold Teleconference on October 30 to Discuss Third Quarter 2020 … Abundant, low-cost natural gas supply ST. JOHN’S—Fortis Inc. is adding to its infrastructure assets on Canada’s west coast. Customer rates include both the delivery charge and the cost of natural gas. B.C. The cost of natural … legislature clerk charged with fraud, breach of trust, So your employee refuses to get vaccinated … a guide for B.C. 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