The City of Prince Rupert has entered into an exclusivity agreement with Watson Island LNG Corp. (WILNG) to repurpose Watson Island into a small LNG export terminal. WILNG will now perform due diligence surrounding the export facility in the Canadian province of British Columbia (B.C.).
“After many months of investigation Council believes the City has found a company with the vision for Watson Island that will bring jobs and a substantial new economy to Prince Rupert,” said Mayor Jack Mussallem, on behalf of City of Prince Rupert Council. “We recognize the City has gone down this road before, however, we have never given up on our vision to repurpose Watson Island and get it back on the tax-roll. We are optimistic this project will be an economic generator that will bolster the City and create new jobs in the region.”
Mr Ed Neibauer, Director of WILNG stated, “We are looking forward to establishing good working relationships with the community, First Nations and regulators to bring the company’s development plans to fruition.”
After entering into a settlement agreement with the former owner of Watson Island, Sun Wave Forest Products Ltd., the City is now decommissioning the old pulp mill. It is also working to obtain provincial assistance for the removal of industrial chemicals and is managing a number of other environmentally dangerous substances.
The City is also defending a legal claim from Watson Island Development Corporation (WatCo), a company wholly owned by Colonial Coal. WatCo filed certificates of pending litigation against title to the lands comprising the island, which have prevented the City from selling the lands. The City is working to have the litigation resolved as quickly as possible.
Adapted from press release by Ted Monroe
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17072014/wilng_to_build_small_lng_export_terminal_on_watson_island_1005/