Kitimat

LNG Canada Moves Forward: $937 Million in Contracts Approved

January 22, 2019

LNG Canada has approved contracts totaling almost $1 billion (CAD) for the early construction phase of its LNG export project near Kitimat, British Columbia. LNG Canada approved over $937 million (CAD) in contracts and subcontracts with First Nations enterprises and other businesses across Canada. This includes $175 million (CAD) to local First Nations businesses and, with the addition of contracts awarded to local Kitimat area businesses, including First

BC’s Kitimat Residents Brace for Mega-Boom from LNG

October 8, 2018

From The Globe and Mail It’s a new beginning for the residents of this northern B.C. community. After LNG Canada said it would go forward with a $40-billion energy megaproject in Kitimat, more than 1,000 people gathered to celebrate the area’s impending economic boom times. Days after the Royal Dutch Shell PLC-led consortium held a news conference in Vancouver last

Shell Ramps Up Activity in Kitimat, Raising Canada’s US$30 Billion LNG Hopes

July 9, 2018

From Bloomberg/Calgary Herald VANCOUVER – July 9 – A flurry of activity in a remote Canadian town is raising optimism that Royal Dutch Shell Plc and its partners are ready to go ahead with the nation’s largest infrastructure project: a C$40 billion (US$30 billion) liquefied natural gas terminal that could at last unlock Canadian energy exports to Asia. The action

PETRONAS Back In: Buys 25% of LNG Canada

May 31, 2018

Malaysian energy company PETRONAS is apparently back as an active LNG player in Canada, with the announcement today that it is buying a 25% equity stake in LNG Canada. LNG Canada is a proposed natural gas export project that is planned for Kitimat, British Columbia, Canada. The move was unexpected after PETRONAS withdrew from the $36 billion Pacific NorthWest LNG

Big B.C. Pension Plan Pumps Millions into U.S. LNG Project

March 21, 2018

From the VANCOUVER SUN VICTORIA — While B.C. continues to wait — and wait — for the first big liquefied natural gas project, the province’s public sector pensions have quietly been investing millions in a rival LNG exporter based in the U.S. Cheniere Energy, operator of one LNG terminal in Louisiana and nearing completion of a second in Texas, reported

TransCanada, First Nations Sign Agreements for $4.8 Billion Pipeline that will Transport 2-3 Bcf/day of NatGas to LNG Canada

June 29, 2015

An estimated 32% of the $4.8 billion capital project will be spent locally in B.C. on the Coastal GasLink pipeline, with over 2,000 jobs expected to be created during construction and approximately $20 million in annual property tax payments. TransCanada (ticker: TRP) announced that it signed project agreements with six First Nations tribes regarding the company’s 670-kilometer Coastal GasLink pipeline