Dome takes a 20% interest in the Arctic pilot project to move LNG

According to B. Richards of Dome Petroleum Ltd., Dome's interest will be shared with its partially owned subsidiary, Trans-Canada Pipe Lines Ltd. According to J. Bell of Petro-Canada, the operator for the Arctic project, negotiations are under way with Tenneco Inc. for gas sales of up to 225 million cu ft/day to begin in 1985-86. At first, two tankers would ship LNG to a delivery terminal at an as yet unselected site on Canada's east coast, but by 1992, nine ships capable of delivering 1.23 billion cu ft/day of LNG, could be in service. The U.S. and European potential LNG markets amounts to 3-4 trillion cu ft/yr and 3.5-4 trillion cu ft/yr, respectively. Petro-Canada also supports the Polar Gas Ltd. project to lay a gas pipeline from the Arctic Islands and Mackenzie Delta to the south; the projects are not considered to be in competition.