First Nation gets LNG plant
A Vancouver-based company and a Port Alberni-area First Nation have signed a agreement to build a liquefied natural gas export facility on Vancouver Island.
Steelhead LNG Corp., and the Huu-ay aht (who-AYE'-at) have announced plans to develop an LNG plant on land owned by the First Nation on the southern end of Alberni Inlet near Port Alberni.
Steelhead LNG Corp., says in a statement the project could represent an investment of about $30 billion.
Steelhead says it is working with pipeline companies to explore options to bring natural gas from northern British Columbia to Vancouver Island.
Steelhead's chief executive officer Nigel Kuzemko says the Port Alberni site is a significant distance from northeast B.C.'s natural gas production fields, but the proposed export terminal offers numerous advantages, including direct access to the Pacific Ocean.
The Huu-a-aht First Nation signed a land-claims treaty with the federal and B.C. governments in April 2011.
Comments on this story are pre-moderated and approval times may vary. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.
Read more Business News
- Family condemns RCMP BC - 7:49 pm
- Child pornography sentencePenticton / S. Okanagan - 6:13 pm
- Bobbitt hearing continuesPenticton / S. Okanagan - 6:16 pm
- Inquest into teen's Mill deathVernon / N. Okanagan - 4:30 pm
|QHR Technologies Inc||1.12||+0.01|
|Anavex Life Sciences||0.191||+0.001|
|Copper Mountain Mining||1.99||+0.05|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...