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Merrill Lynch Commodities, Teekay Corp. Announce Plans to Develop Floating Liquefaction Project in Kitimat, B.C.

Merrill Lynch Commodities, Inc. and Teekay Corp. announced yesterday that the companies plan to develop a floating LNG liquefaction facility in Kitimat, British Columbia. According to the media release, the project would include a modified LNG carrier, t
March 12, 2009

Merrill Lynch Commodities, Inc. and Teekay Corp. announced yesterday that the companies plan to develop a floating LNG liquefaction facility in Kitimat, British Columbia. According to the media release, the project would include a modified LNG carrier, the Arctic Spirit, that would be moored alongside a pier and have the capacity to liquefy 75-100 Mmcf/d. The project is scheduled to be operational in 2012.

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