The proponents of a liquefied natural gas terminal near Prince Rupert are applauding a pipeline decision by the National Energy Board.
The NEB has recommended approval of the North Montney Mainline Project in northeast BC.
The $1.7 billion project would connect to the proposed Prince Rupert Gas Transmission Pipeline which would feed the proposed Pacific NorthWest LNG terminal.
Progress Energy and Pacific NorthWest LNG President and CEO Micheal Culbert says the decision is a key component when it comes to making a Final Investment Decision on the project.
Culbert says great strides are being made to bring fiscal and regulatory certainty to the LNG proposal, but he says Canadian liquefied natural gas will need to be competitive with other supply sources competing for the Asian market.
The Petronas-led LNG project last year delayed its Final Investment Decision.
The North Montney project still requires federal government approval.