The Canadian Press
Vancouver: A Malaysia-led consortium has announced conditional approval for a potential $36-billion dollar liquefied natural gas project in northeast British Columbia.
Pacific NorthWest LNG, which is controlled by Malaysian energy giant Petronas, says it will confirm a final investment decision on the project subject to two conditions.
The first condition is approval of the project development agreement by the B.C. legislature, while the second condition is a positive environmental assessment by the federal government.
President Michael Culbert says Pacific NorthWest LNG will continue to engage with area First Nations, local communities, stakeholders and regulators.
He says the project is poised to create thousands of construction and operational careers amid the current energy sector slowdown.
The consortium is proposing to build an LNG export facility at Lelu Island near Prince Rupert, B.C., which would represent the largest captial investment in the province’s history.
© 2015 The Canadian Press