Proposed Grassy Point LNG Project in Nova Scotia - Federal Government Awards Participant Funding

News Release

OTTAWA, September 19, 2007 - The Canadian Environmental Assessment Agency has awarded a total of $30,000 to the Sierra Club of Canada –Atlantic Canada Chapter to support its participation in the environmental assessment review of the proposed Grassy Point LNG transhipment and storage terminal project in Nova Scotia.
A funding review committee, independent of the environmental assessment process, was established to examine all funding applications received for this project. All of the Committee's recommendations are unanimous and are contained in the report of the Funding Review Committee. The report, along with further information on the project, is available on the Agency’s Web site.
Newfoundland LNG Ltd. proposes to develop a LNG transshipment and storage terminal to provide low-cost, high availability LNG transshipment and storage capacity to northeastern United States and Canada. The proposed project would provide facilities for LNG cargo transfer, LNG storage and a lay-up site for in-transit LNG carriers. The marine facility would enable larger vessels to offload their cargo and commence the return voyage.
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The Canadian Environmental Assessment Agency administers the federal environmental assessment process, which identifies the environmental effects of proposed projects and measures to address those effects, in support of sustainable development.
For more information on the Participant Funding Program, please contact:

Suzanne Osborne
Manager, Participant Funding Program
Canadian Environmental Assessment Agency
Tel.: 613-957-0254 (collect calls are accepted)
Fax: 613-948-9172
suzanne.osborne@ceaa-acee.gc.ca
Media may contact:

Robert Deslauriers
Senior Communications Advisor
Canadian Environmental Assessment Agency
Tel.: 613-957-0396

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Proposed Grassy Point LNG Project in Nova Scotia - Federal Government Awards Participant Funding

News Release

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