The construction and operation of a liquefied natural gas (LNG) facility and marine terminal is underway near Prince Rupert, within the District of Port Edward, British Columbia– the Province that is home to prominent natural gas resources. Pacific Northwest LNG Ltd. proposed the project which would convert natural gas LNG for export to Pacific Rim markets in Asia who need to find new natural gas providers to meet their growing necessity. Natural gas from northeast British Columbia will be supplied by Progress Energy Canada Ltd. who has an excellent track record of safe natural gas production in B.C., while PETRONAS – one of the worlds leading energy suppliers – will be constructing and operating the LNG facility.
The facility is a $9 billion to $11 billion investment which is contracted by Pacific Northwest as well as TransCanada Pipeline Ltd. who will design, construct and operate a new natural gas pipeline that will transport the natural gas from B.C. to the LNG facility. The project aims to generate new economic and social benefits for the local and national economy and build an environmentally safe and sustainable community. The construction work will create about 3, 500 jobs and 200-300 new long-term careers in the operations of the facility, and another 200-300 spin-off jobs within the region.
The facility is in the Front End Engineering and Design stage, and construction is estimated to end in 2018 with full commercial operations expected in early 2019.