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LNG milestones in British Columbia

LNG Industry,

Victor N. Bryant, CEO and President of Highbank Resources, has commented on a number of recent landmark LNG events and happenings in British Columbia.

Nisga'a Nation signs onto LNG project

"The opportunity to be an active player in the LNG industry is the kind of opportunity for which our elders struggled for over a century, so we could achieve sustainable prosperity for our people into the next century, our elders have told us, now is the time to be bold and move forward," said Nisga'a Nation President, Mitchell Stevens.

Bryant added: "I commend the elected officials and elders of the Nisga'a Nation for an agreement that helps ensure a prosperous future for the Nisga'a people. The Nisga'a are our neighbors and Highbank will always support them in their endeavors."

Exxon Mobil Canada joins B.C. LNG Alliance

"The alliance states Exxon Mobil Canada has a licence to export as much as 30 million tonnes of LNG annually and the company has entered an option agreement with the City of Prince Rupert for a site at Tuck Inlet."

This news was well received by Highbank, as this LNG site is yet another potential major location for sales of the company's construction aggregates.

JAPEX breaks ground on Soma Port LNG terminal

In response to the news that JAPEX commenced construction activities at its Soma Port LNG terminal in Fukushima Prefecture, Japan, Bryant commented: "The official JAPEX press release affords some very telling insights as to the production timing for the Petronas led PNW LNG consortium (JAPEX 10% - 12 million ton stake). The press release specifically references the source of the LNG coming to this new terminal as from the Port of Prince Rupert, although they further stated the terminal will be receiving LNG from other un-named sources. Scheduled start of operations, March 2018."

PRGT and Nisga'a Nation agreement

In response to the signing of a milestone agreement between Prince Rupert Gas Transmission (PRGT) and the Nisga’a Nation, Bryant said: "First Nations are going to look to this agreement as a concrete example of what can be done between a company like TransCanada and First Nations."

Adapted from press release by Katie Woodward

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