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Home / News / Pacific NorthWest LNG signs project development agreement with province

Pacific NorthWest LNG signs project development agreement with province

Pacific NorthWest LNG signs project development agreement with province

B.C.’s finance minister says construction of a $36-billion liquefied natural gas facility will mean up to 4,500 jobs and about $9-billion in revenues over a decade.

Mike de Jong made the statement today as he announced the deal with Petronas-backed Pacific NorthWest LNG that sets out a ratification process for the proposed export facility near Prince Rupert.

He says a blueprint for the largest private-sector investment in B.C.’s history will be presented next week in the legislature.

De Jong says the deal includes assurances that Pacific NorthWest will not face hikes in specific taxes such as the LNG income tax, the carbon tax and the natural gas tax credit.

The full text of the announcement can be found here.

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