1 C
Fort St. John
Wednesday, October 16, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home Energy News Petronas to spend up to $16 billion on its B.C. LNG project

Petronas to spend up to $16 billion on its B.C. LNG project

Petronas says as much as $11 billion is earmarked for two LNG plants on Lelu Island, about 15 kilometres south of Prince Rupert, and $5 billion will be invested in a 750 kilometre-long pipeline to be built by TransCanada. Japan Petroleum Exploration, or Japex, has already agreed to buy the LNG.

British Columbia’s minister responsible for liquefied natural gas is now saying this announcement validates B.C.’s commitment to LNG. Minister of Natural Gas Development Rich Coleman believes companies are beginning to announce their investment intentions for the province, now that the Liberals have been re-elected for another term.

During her election campaign, Premier Christy Clark pledged to launch a massive LNG processing and export industry in B.C., promising it could be the financial equivalent of Alberta’s oilsands.

get the latest news in your inbox

Author

Avatar
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.

Local Events

Must Read

Some facts and figures about the federal riding of Alfred-Pellan

Alfred-Pellan Conservatives haven't been able to win a seat in Montreal's greater metropolitan area since the 1988 election, when they were known as the Progressive Conservatives....