Cryopeak to supply LNG to Foran Mining’s unit

Canada’s small-scale LNG firm Cryopeak Energy Solutions said it had entered into a long-term agreement to supply liquefied natural gas to McIlvenna Bay Operating, a unit of Foran Mining.

Under the deal, Cryopeak will supply LNG for all power generation requirements during the initial project phase and mine air ventilation to the McIlvenna Bay project located in Northern Saskatchewan.

LNG will be exclusively used to provide fuel for the multi-megawatt power generation plant and to replace propane for air ventilation heating, Cryopeak said.

Under the agreement, Cryopeak will provide all LNG supply over the term of the agreement, it said.

The firm did not provide the quantities of LNG or the any other details regarding the deal.

Cryopeak added it has started LNG supply to the McIlvenna Bay project in the first quarter of this year.

Cryopeak LNG Solutions, controlled by Texas-based private equity firm BP Energy Partners, recently merged with compatriot Ferus Natural Gas Fuels, owned by Texas-based private equity fund Energy & Minerals Group, to create Cryopeak Energy Solutions.

In addition, Cryopeak also acquired all LNG assets from Campus Energy Partners Infrastructure, including the regional LNG production facility located in Dawson Creek, British Columbia.

Cryopeak will manage three LNG production facilities in Western Canada and operate the largest fleet of LNG transportation, mobile storage, and regasification equipment, the firm said.

Back in 2021, Cryopeak launched its small LNG production facility with a capacity of 27,000 LNG gallons per day in Fort Nelson, British Columbia.

Prior to that, Cryopeak also joined forces with Japan’s Sumitomo Corp to develop an LNG bunkering supply chain in North America’s Pacific Northwest ports.

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