The liquefied natural gas facility and marine terminal have been proposed by Malaysian energy giant Petronas, with Japanese firm Japex taking a ten per cent share. Its natural gas would mostly be supplied by Progress Energy, and the overall project is expected to be an investment of $9 to $11 billion.
It’s currently in the middle of a federal environmental assessment, which is expected to be submitted to the Canadian Environmental Assessment Agency in late 2013.
“Today’s filing for an NEB export license is another important step to bring this tremendous opportunity to reality,” says Greg Kist, President of Pacific NorthWest LNG. “We believe the successful completion of our project will create long-term, multi-generational benefits for First Nations, northwest B.C., the province and the country as a whole.”
Premier Christy Clark has responded positively to the application, saying, “Pacific NorthWest LNG’s export application is more welcome news, which will help us achieve our goal to be a leader in clean energy supply and export.”
A final investment decision is expected in late 2014. If approved, Pacific NorthWest LNG would join three other projects that have export licences issued to them: LNG Canada, Kitimat LNG and Douglas Channel LNG. BG Group and Imperial Oil/Exxon Mobil recently made applications for licences of their own.