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Wednesday, June 26, 2019
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Home Energy News Additional LNG tax could mean up to $260 million in revenue over...

Additional LNG tax could mean up to $260 million in revenue over 30 years

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That includes direct taxes paid by the LNG facilities as well as royalties from natural gas extraction needed to support those facilities. Those numbers also include revenues from personal income taxes from new jobs the industry creates. They do not include other potential revenues from economic activity resulting from the LNG industry. 

The review, conducted by the ministries of Finance and Energy, Mines and Natural Gas found that B.C.'s main competitor is Australia, which has an LNG tax and royalty regime currently up to one-third higher that this province's.
 
A full report on potential LNG revenues will be released with the 2013 budget.

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Erica Fisher

Erica is a reporter for Moose FM and energeticcity.ca in Fort St. John, B.C. She grew up in Victoria, B.C. and received her Bachelor's Degree in Journalism from Concordia University in Montreal, Quebec.

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