One LNG project seems to be gaining ground in terms of setting up shop near Prince Rupert.
As Pacific NorthWest LNG has announced conditional approval for the $36 billion dollar project, saying they would confirm the final decision after an agreement from provincial legislature, and a positive environmental assessment.
Minister of Natural Gas development Rich Coleman was pleased to say that these conditions are more to do with approval than actual viability:
“We are pretty happy with this progress, obviously this is a pretty significant decision. Because the two conditions do not have to do with whether there is a market, they have already determined that there is a market for the gas, and whether the price for building the plant is competitive they have already determined that”
The proposed LNG export facility on Lelu island would be a massive capital investment project in the Province, and would provide close to 7,000 jobs in BC’s NorthWest.
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