In March 2006, 4Gas with its partner Suntera Canada Ltd purchased the MapleLNG project, located at Goldboro, Nova Scotia. This project will serve the substantial eastern Canadian and northeast US gas markets.
The Nova Scotia project will initially include three LNG storage tanks of 160,000 cubic metres capacity, providing a send-out capacity of 9 bcma. The development will be phased, starting at 9bcma and expanding to 18 bcma. The Goldboro site will be able to receive LNG carriers of up to 250,000 cubic metres. Environmental permits are expected to be issued early in 2007 and a Permit to construct could be available as early as Q2 2007, allowing a scheduled start of production in 2010.
Suntera, co-owner of Maple LNG, is an international energy company owned by Sun Energy Resources Ltd. and ITERA, which have significant interests in Russian gas. ITERA is a private natural gas company based in Russia that is experienced in exports of natural gas. The company has been involved in production of natural gas in Russia since 1998. ITERA has invested over $1 billion in the gas industry. ITERA is also the first private company to put gas fields into operation in the Far North of Russia.