Tuesday, December 16, 2014

PNW LNG & Port Edward Agreement-in-Principle

Hon. Coralee Oakes
VICTORIA – On behalf of the Government of British Columbia, Community, Sport and Cultural Development Minister Coralee Oakes today offered warm congratulations to the District of Port Edward and Pacific NorthWest LNG (PNW LNG) for signing an agreement-in-principle that would define municipal property taxation benefits for the municipality over the next 25 years.

Port Edward is the first B.C. community to sign such an agreement with a liquefied natural gas (LNG) proponent, marking another step forward in plans for PNW LNG to build an LNG facility on Lelu Island, located in the District of Port Edward on land administered by the Prince Rupert Port Authority. The first phase of the project would consist of two liquefaction trains, two LNG storage tanks, marine infrastructure with two berths for LNG carriers, a material offloading facility, as well as administration and auxiliary buildings.

The facility would liquefy and export natural gas produced by Progress Energy Canada Ltd. in northeast B.C. for transport to Lelu Island by the Prince Rupert Gas Transmission project. PETRONAS is the majority owner of Pacific NorthWest LNG; other shareholders include Sinopec, JAPEX, Indian Oil Corporation and PetroleumBRUNEI.

As a result of this agreement-in-principle, the District of Port Edward has requested that the Province introduce legislation to enable this agreement under the Community Charter. The Government of British Columbia will seek to introduce this legislation in the legislative assembly as soon as reasonably practicable in the spring 2015 legislative session.

In addition to annual municipal property taxation, this agreement-in-principle also proposes significant infrastructure benefits for the District of Port Edward, including support for water and sewer system upgrades and future construction of the Wampler Way bypass.

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