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Steelhead LNG and Malahat Nation sign mutual benefits agreement

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LNG Industry,

Steelhead LNG Corp. and the Malahat First Nation have signed a mutual benefits agreement (MBA) and a long-term lease, which supports the proposed development of Malahat LNG. Malahat LNG is to be located on the shoreline of Malahat Nation-owned land, approximately 8 km south of Mill Bay on Vancouver Island, British Columbia, Canada.

The facility is expected to have a capacity of 6 million tpy and would include floating liquefaction facilities. The proposal will now undergo rigorous regulatory, environmental and technical assessments.

CEO of Steelhead LNG, Nigel Kuzemko, said: “We are honoured to be here today to celebrate our agreements with the Malahat Nation. As a BC-based LNG development company, we are committed to early engagement with First Nations and getting things right. That is why our first step over the past 13 months was to develop a close working relationship with the Malahat Nation based on trust and respect. Our MBA with the Malahat at this early stage of the project is a reflection of our commitment to working with each other and of the relationship we have developed. We look forward to working with the Malahat as we consider the wide range of cultural, environmental, technical, financial and social matters of importance to the Nation, neighbouring First Nations and communities, and BC residents as a whole.”

Edited from press release by

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