News Release

Announcement on Aurora LNG Feasibility Study

Aurora LNG and its partners, Nexen Energy (a wholly-owned subsidiary of CNOOC Limited) and INPEX Gas British Columbia (IGBC), have made the strategic decision to end the Aurora LNG feasibility study and will cease all investigation activity, effective immediately.

Over the past four years, Aurora LNG has been conducting a thorough feasibility study on liquefying and shipping LNG from the northwest coast of British Columbia to Asian markets. Through this feasibility study, Aurora LNG has determined that the current macro-economic environment does not currently support the partners’ vision of developing a large LNG business at the proposed Digby Island site.

While disappointed in this outcome, Aurora LNG is proud of its work in northwest British Columbia over the past three years and the relationships it has built with local community members, Indigenous groups, stakeholders and government. The partners’ are committed to a responsible and orderly conclusion of their activities in the Prince Rupert region.

Upstream operations from the partners’ Horn River natural gas assets in northeast British Columbia will continue, and the partners will also monitor the North American gas market to evaluate future upstream and downstream investments according to market conditions.

Media Inquiries:

Brittney Price
Manager, Corporate Communications
media@nexencnoocltd.com

www.nexencnoocltd.com