A Malaysian-led group planning to develop a liquefied natural gas terminal in northern British Columbia is offering one aboriginal community more than CA$1 billion (US$822 million) in incentives over 40 years to approve the project.
Pacific NorthWest LNG, led by Malaysia’s state-owned Petroliam Nasional Bhd, is offering the payments to the Lax Kw’alaams First Nation so it can build a gas-export terminal on the community’s traditional lands at the northern port of Prince Rupert, according to a posting on the native group’s website. The deal, with a total value of CA$1.15 billion, also includes incentives from the provincial government and pipeline developers.
The proposed export facility is part of a CA$36 billion plan by Petronas, as the state-owned company is known, to ship gas reserves from Canada’s westernmost province by tanker to growing energy markets in Asia.
The 3,600-person Lax Kw’alaams community will vote on the incentive package this month, according to the Globe and Mail, which first reported the plan.
Pacific NorthWest’s project is one of 19 LNG developments proposed in British Columbia. Petronas, which is awaiting environmental approval from the Canadian government, has yet to make a final decision to proceed.
Recommended Reading
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
2024-03-19 - Todd Chuckry, business development manager for Silixa, highlights the company's DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.
TotalEnergies Rolling Out Copilot for Microsoft 365
2024-02-27 - TotalEnergies’ rollout is part of the company’s digital transformation and is intended to help employees solve problems more efficiently.
Axis Energy Deploys Fully Electric Well Service Rig
2024-03-13 - Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.
Message in a Bottle: Tracing Production from Zone to Wellhead
2024-04-30 - New tracers by RESMAN Energy Technology enable measurement while a well is still producing.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
2024-03-13 - The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.