As part of its efforts on environmental leadership, the Government of Canada announced a $275 million investment supporting LNG Canada’s major LNG complex in Kitimat, British Columbia. This $40 billion project represents the largest single private sector investment in the history of the country.
Minister of Finance, Bill Morneau, announced that the federal investment will include $220 million to help fund highly energy-efficient gas turbines for LNG Canada, minimizing both greenhouse gas emissions and fuel use.
The additional $55 million will be for the replacement of the Haisla Bridge in the District of Kitimat to support and service existing and increased traffic in the region.
These investments seek to support the overall advancement of the LNG Canada facility, which will ultimately create over 10,000 jobs, as well as lead to billions of dollars in direct government revenues and hundreds of millions of dollars in construction contracts for Indigenous businesses.
Building on a 60% increase in foreign direct investment last year, our government has created the economic conditions to attract the largest private sector investment in Canadian history. LNG Canada’s facility will help bring a cleaner Canadian energy source to replace coal in some of the world’s fastest growing economies while creating thousands of good jobs in northern British Columbia, in First Nations communities and across Canada.
…Navdeep Bains, Minister of Innovation, Science and Economic Development.
The project, located in Kitimat, includes a liquefaction facility, a 670 km pipeline from Dawson Creek and a marine terminal.
At full capacity, the terminal will convert and export as much as 26 million tons of LNG per year, primarily to Asia. This represents roughly 20% of overall gas production in Canada.
Our government supports the creation of a clean, sustainable and competitive LNG export sector. Well-planned projects have the potential to strengthen regional, local, Indigenous and national economic development objectives. The LNG development has the potential to help the world build a low carbon energy future.
…added Amarjeet Sohi, Minister of Natural Resources.
