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LNG Canada Outlines Jobs, Construction Plans for Phase 2 in Kitimat - The Northern View
The $30-billion-plus project adds two processing trains and new storage, with up to 4,000 construction jobs at peak.
On Tuesday, Shell and its partners announced a final investment decision for LNG Canada Phase 2, committing at least $30-billion to double production capacity to 28 million tonnes of LNG annually at the Kitimat facility.
Partners cited growing Asian demand and energy security as primary drivers for the expansion, building on Kitimat operations that began exporting to Asia last year and currently employ more than 400 permanent staff.
Construction will add two processing trains and five new compressor stations on the 670-kilometre Coastal GasLink pipeline, creating up to 4,000 construction jobs during peak building at the site.
MNT Investments, a partnership of five Indigenous nations, secured an equity option to invest up to $1 billion in new storage tank infrastructure, representing one of the largest Indigenous ownership positions in Canadian infrastructure.
Prime Minister Mark Carney and Natural Resources Minister Tim Hodgson attended the launch in Vancouver, with the project projected to generate more than $50 billion in government revenues while diversifying energy shipments beyond the United States.