According to a Vancouver Sun story, the price tag could be as much as 10 billion dollars as Calgary-based Talisman Energy and the South African energy company, Sasol, move forward with plans for a Western Canada natural gas-to-liquids plant.
The latest step is a feasibility study to be conducted by the international energy firm, Foster Wheeler Corporation, which has its main executive offices in New Jersey.
That will reportedly focus on the cost and location of the plant, which would plug into shale gas deposits here in Northeast BC.
Talisman and Sasol are partners in two shale gas assets in the Montney basin in the South Peace, and the Sun story says Energy Minister Rich Coleman has confirmed the BC government has had talks with Talisman on locating the proposed plant in this province.
Recall that Sasol…considered the global leader in gas-to-liquids technology…got into the Montney basin by paying just over a billion dollars in March to acquire a 50 percent stake in Talisman’s Farrel Creek shale gas assests.
Then earlier this month it did the same thing, for about the same amount, acquiring a 50 percent stake in Talisman’s Cypress A gas assets.