Fortis statement on LNG supply agreement with Hawaiian Electric Companies
Posted on July 20, 2016
Surrey, BC – On July 19, 2016, the Hawaiian Electric Companies (HECO) withdrew their application to the Hawaiian Public Utilities Commission for approval of a liquefied natural gas (LNG) supply agreement with Fortis Hawaii Energy Inc., following the dissolution of a proposed merger between Hawaiian Electric and NextEra Energy earlier in the week.
Fortis’ Tilbury LNG facility is uniquely positioned to meet customer demand for clean-burning natural gas; the company is in discussions with a number of other potential export customers. The facility is currently undergoing a $400-million expansion to serve the domestic transportation and remote communities markets, which is expected to be commissioned by early next year. The site is scalable and can accommodate additional storage and liquefaction equipment. It is also located along the Fraser River and relatively close to international shipping lanes.