Nova Scotia Welcomes New Energy Investment

Aug 12, 2004

Nova Scotia's economy is getting a major boost thanks to the province's newest energy partner, Premier John Hamm said today, Aug. 12.

Anadarko Petroleum Corp., one of the largest independent oil and gas exploration and production companies in the world, announced that it is purchasing Access Northeast Energy Inc. (ANEI) and will take over the Liquified Natural Gas project for the Strait area.

Premier Hamm will join business and community leaders this afternoon in Port Hawkesbury for a meet and greet reception to welcome Anadarko to Nova Scotia's Strait region.

"More Nova Scotians are going to work and earning a paycheque today than at any other time in our history. Attracting a global leader like Anadarko, with a reputation for making smart investments, will help build on this track record," said Premier Hamm.
Anadarko will continue to develop and invest in the $450-million LNG project that is expected to produce about 1,000 construction jobs in the Strait area within the next three years. Following the project's completion, the facility will employ roughly 40 employees full time, with the potential for multiple spin-off industries.

The premier acknowledged the work of Gordon Hart and Sylvester Swierzy of Access Northeast Energy Inc., who managed the project thus far, and recognized the multiple partners who continue to be part of the project.

"Nova Scotia Business Inc. has been instrumental in leading this file on behalf of the province and has worked closely with the company, the Department of Energy and the counties of Richmond and Inverness as a true business advocate team," said Premier Hamm. "These partnerships have demonstrated once again that, with the right opportunities and partners, Nova Scotia can compete with any jurisdiction in the world." 

Nova Scotia's growth strategy, Opportunities for Prosperity, and energy strategy, Seizing the Opportunity, recognized the importance of the energy sector in expanding the province's economy.