A $40-billion liquefied natural gas project in British Columbia has been given the green light by its owners in what will be the largest private-sector investment in the province’s history.
The project led by Royal Dutch Shell PLC calls for an export terminal to be built in Kitimat on the West Coast. LNG Canada chief executive officer Andy Calitz, Prime Minister Justin Trudeau and B.C. Premier John Horgan issued statements in a news release.
“The final investment decision taken by our joint venture participants shows that British Columbia and Canada, working with First Nations and local communities, can deliver competitive energy projects,” Mr. Calitz said.
“It is a vote of confidence in a country that recognizes the need to develop our energy in way that takes the environment into account, and that works in meaningful partnership with Indigenous communities,” Mr. Trudeau added. Exports from the LNG Canada terminal will be shipped to Asia.
TransCanada Corp. has been tapped to build a $4.8-billion natural gas pipeline from northeast B.C. to the Kitimat terminal, part of total spending of up to $40-billion related to LNG Canada.