Pacific NorthWest LNG announced a positive Final Investment Decision in June 2015, subject to two conditions. The first condition was satisfied on July 21, 2015 after the Project Development Agreement legislation was passed by the Legislative Assembly of British Columbia. The final condition was a positive regulatory decision on the project’s environmental assessment by the Government of Canada which was satisfied on September 27, 2016. Pacific NorthWest LNG will conduct a total review of the proposed LNG facility prior to tabling it to the project’s shareholders for a final investment decision.
Pacific NorthWest LNG is a proposed natural gas liquefaction and export facility on Lelu Island within the District of Port Edward on land administered by the Prince Rupert Port Authority (PRPA). The facility would liquefy and export natural gas produced by Progress Energy Canada Ltd. in northeast B.C. Both Pacific NorthWest LNG and Progress Energy are majority-owned by PETRONAS. Sinopec, JAPEX, Indian Oil Corporation and PetroleumBRUNEI are minority shareholders in the Pacific NorthWest LNG project.
The export of liquefied natural gas (LNG) is a new industry in B.C. with significant economic and social potential. Pacific NorthWest LNG will create new economic and social benefits for the local community, BC and Canada in an environmentally safe and sustainable manner:
- Up to 330 direct operational long-term jobs
- Approximately 300 local spin-off jobs
- Up to 4,500 jobs during peak construction
Pacific NorthWest LNG would receive natural gas delivered via the Prince Rupert Gas Transmission (PRGT) project from the North Montney region of northeast B.C. TransCanada Pipelines Limited. TransCanada has 60 years of experience operating in Canada, and it has been selected to build, own and operate PRGT.
For more information about the pipeline, please visit the Prince Rupert Gas Transmission Project website.
Pacific NorthWest LNG received an Environmental Certificate from the provincial government in November 2014. The certificate included eight conditions, which we have committed to fulfilling. Pacific Northest LNG has also recieved an Environmental Certificate from the Government of Canada in September 2016, to read more click here .
Construction would begin once the project has made a final investment decision, selected the primary construction contractor, and obtained all necessary permits. Construction is expected to take approximately four years.
According to the Conference Board of Canada, once in operation, the integrated Pacific NorthWest LNG project would contribute approximately $2.5 billion annually to federal, provincial and municipal governments in various taxes and royalties. The substantial revenue to the various levels of government could be used to pay for a variety of regional, provincial and federal services such as health care, education and transportation.