Ottawa to announce new supports for LNG Canada

Finance Minister Bill Morneau will be in Kitimat Monday to announce new supports for the LNG Canada project.

The supports are coming from the government's strategic innovation fund and Western Economic Diversification Canada, according to a media advisory.

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No particulars of the announcement were mentioned in the advisory, though it notes they will support the "largest private sector investment in Canadian history."

The $40-billion liquefied natural gas export facility led by Shell was formally sanctioned in October 2018. Other partners include Petronas, PetroChina, Mitsubishi, and Korea Gas.

Monday's announcement takes place at 11:30 a.m. at the Rod and Gun Club in Kitimat.

Electrifying the a liquefied natural gas industry in B.C  is a key focus of both the provincial and federal governments to limit greenhouse gas emissions generated by its development both upstream and downstream, and to meet new provincial emissions benchmarks.

Last month, Houston Today reported that BC Hydro was reviving plans for a power line to Kitimat to help service LNG development.

In December, Petronas offficials told a Chamber of Commerce audience in Fort St. John that the company was working with the federal government on an electrification plan, particularly for Northeast B.C., to help cut emissions tied to natural gas exploration and drilling for the project.

Email Managing Editor Matt Preprost at editor@ahnfsj.ca.

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