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Government of Canada welcomes largest private sector investment project in its history

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LNG Industry,


The Canadian Prime Minister, Justin Trudeau, has welcomed LNG Canada’s decision to build a major LNG project in Kitimat, British Columbia.

The CAN$40-billion project represents the largest private sector investment project in the history of the country, which will:

  • Create 10 000 jobs at the height of construction.
  • Lead to billions of dollars in direct government revenues.
  • Include hundreds of millions of dollars in construction contracts for indigenous businesses.

In addition, the Prime Minister announced CAN$275 million in federal support, as well as a commitment that trade barriers will not get in the way of this generational project.

The largest infrastructure project of its kind in Canada, LNG Canada will include natural gas liquefaction facility, a pipeline and a marine terminal to export surplus Canadian natural gas to some of the world's fastest growing economies in Asia.

Once built, it will have the lowest carbon intensity of any large scale LNG facility in the world.

“Today’s announcement by LNG Canada represents the single largest private sector investment project in Canadian history. It is a vote of confidence in a country that recognises the need to develop our energy in a way that takes the environment into account, and that works in meaningful partnership with indigenous communities” – The Rt. Hon. Justin Trudeau, Prime Minister of Canada.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03102018/government-of-canada-welcomes-largest-private-sector-investment-project-in-its-history/

 

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