4.6 C
Fort St. John
Sunday, May 19, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Home Energy News LNG Canada CEO says construction will start in 2018

LNG Canada CEO says construction will start in 2018

Advertisement

VANCOUVER, B.C. – LNG Canada’s CEO says construction will start in 2018 on the $40-billion LNG facility.

During an LNG conference Tuesday, Andy Calitz was quoted by Reuters news service as saying “It didn’t make sense in July 2016.  When (our stakeholders) asked the inevitable question, when will you reconsider the FID? Our answer was: We will be in construction in 2018. I reaffirm that commitment today.”

Calitz confirmed a final investment decision was still on target to be made in 2018.

Reuters also quoted Calitz as saying anti-dumping tariffs on fabricated industrial steel was no longer an issue for the project and wouldn’t have an impact on the final investment decision.

LNG Canada requested an exemption from the 45.8 percent tariffs.

LNG Canada is a joint venture between Royal Dutch Shell Plc, PetroChina Co Ltd, Mitsubishi Corp and Korea Gas Corp. TransCanada Corp will build the pipeline.

get the latest news in your inbox

Author

Advertisement

Local Events

Must Read

City of Fort St John to hold Open House on Kin...

FORT ST. JOHN, B.C. - The City of Fort St. John will be holding an Open House in regards to the future of Kin...