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B.C. Premier renews MoU with JOGMEC whilst on Asia trade mission

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LNG Industry,

While on a trade mission to South Korea, the Philippines and Japan, the Premier of British Columbia (B.C.), Canada, Christy Clark, has renewed an agreement with Japan Oils, Gas and Metals National Corp. (JOGMEC). The Memorandum of Understanding (MoU) is focused on energy cooperation and development, as well as developing B.C.’s LNG sector and natural gas related technologies. JOGMEC has already made several investments in B.C.’s LNG and natural gas sectors, and holds an equity position in four of the province’s projects: the Cordova Embayment; the Cutbank Ridge Partnership; Pacific NorthWest LNG (PNW LNG); and Aurora LNG.

Clark said: “Strengthening our province’s relationship with Japan, the world’s largest importer of LNG, is key to the success of B.C.’s LNG sector.

“Our province is committed to developing this industry and exploring other valued-added uses for natural gas. By working together, B.C. will be a strong ally for Japan as it continues to diversify its energy portfolio.”

While in Japan, the B.C. Premier met representatives from a number of other companies, including Mitsubishi (to discuss its partnership in the PNW LNG project) and Japan Petroleum Exploration Co. (JAPEX). Mitsubishi is a joint stakeholder in LNG Canada alongside PetroChina, Shell and Korea Gas Corp. (Kogas).

The President and CEO of the BC LNG Alliance, David Keane, said: “The signing of these agreements in Asia highlights the continued momentum and support for LNG development in British Columbia.

“By working collaboratively, the industry and all levels of government have been able to reach significant milestones in a very short time period. Already, two of our proponents have been granted Canadian Environmental Assessment Agency certificates, and 29 of 32 First Nations have signed benefit agreements.”

Edited from press release by David Rowlands

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