The first large-scale liquified natural gas project in Canada has the green light.
LNG Canada has announced final approval of the massive $40 billion dollar joint venture to build a liquefaction plant in Kitimat and a 670 kilometre gas pipeline connecting it with northeast BC.
LNG Canada CEO Andy Calitz says the project received support from the B.C. government, local First Nations and the Kitimat community.
Premier John Horgan says the development brings together economic development, local jobs, partnerships with Indigenous communities and, forward-looking climate leadership.
The final investment decision was delayed in 2016 in part due to a drop in natural gas prices, but LNG Canada expects the demand for liquefied natural gas to double by 2035.
The FID is for two processing units or “trains” with first LNG expected before the middle of the next decade.