Report Says LNG Canada Days Away from Green-Lighting Kitimat Project

John Crawford
09/27/2018

We could be just days away from an announcement on whether the largest private infrastructure investment in Canadian history gets the green light in Kitimat.

A report in Bloomberg News says Royal Dutch Shell -- and its investment partners Mitsubishi Corporation, Petronas, PetroChina  and Korea Gas -- may announce a positive final investment decision next Friday.
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The report, quoting unnamed sources said to have direct knowledge, says huge celebrations -- including fireworks -- are planned for Kitimat the following day at the golf course.

However, they also say the situation is fluid and timing could change.

On Wednesday, the Globe and Mail published a report saying that one of the most contentious issues still outstanding -- federal tariffs on steel imported from Asia to make the huge modules required for the export terminal -- will be waived, since they can't be sourced domestically.

Speaking to reporters yesterday, Premier John Horgan did not confirm an announcement was imminent but said he expected on soon.  

But, responding to a CTV reporter's question, Horgan said if the project does go ahead in Kitimat, it will be in SPITE of the previous BC Liberal government, not because of it. 

"The BC Liberals kept piling on costs onto an industry that had not yet even been established in British Columbia and that scared away some investors as international prices went down, and we'll see what LNG Canada does," he said.

Horgan adds if the project does go ahead, it will be a significant development for the province.

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