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"We’re excited, and we’re going to do everything we can to drive that project to fruition," said Michael Rose, chief executive officer of Tourmaline Oil Corp., on a call with analysts. Article content A proposed liquefied natural gas export terminal on Canada’s Pacific Coast is getting a major boost as Tourmaline Oil Corp. — the country’s largest natural gas producer — agreed to join the project. Tourmaline said late Aug. 2 that it’s joining Rockies LNG, a group of producers working on the 12 million-metric-ton-per-year Ksi Lisims project on the northern edge of British Columbia’s Pacific coast. Rockies LNG’s members produce a combined 5.6 billion cubic feet per day, about a third of the country’s output. The Nisga’a Nation indigenous group and Texas-based Western LNG also are involved. Article content Article content Canadian gas drillers have often suffered from low prices because of constrained export options, and Tourmaline has been a leader in devising new routes to market its output. The company earlier this year began selling the first significant amount of Canadian gas contracted for markets beyond North America. “We are the largest gas producer and a low-cost potential supplier, and we’re investment grade,” Tourmaline chief executive officer […]
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