Big push for British Columbia LNG

Feb. 26, 2013 at 7:14 AM

VANCOUVER, British Columbia, Feb. 26 (UPI) -- The British Columbia government is offering more than $120 million in royalty credits for work in the natural gas sector, Premier Christy Clark said.

Clark spelled out terms for a royalty credit program at a Vancouver conference on liquefied natural gas.

"We have a real opportunity to create significant wealth and jobs for British Columbians through continued support to our natural gas sector," she said in a statement.

"This program keeps our natural gas sector competitive by encouraging investments in new roads and pipelines, which will help B.C. transition into a global supplier of cleaner energy and a world leader in liquefied natural gas."

British Columbia said the measure provides an incentive to build a LNG sector in the province. The Canadian government aims to add diversity to its export market by tapping into growing Asian economies.

Meanwhile, the consortium managing plans for the 287-mile Pacific Trail Pipeline Project said it reached an agreement in which First Nations will get up to $200 million in financial benefits from the project.

The pipeline would feed a proposed LNG facility at Kitimat. Janine McArdle, president of the pipeline group, said support of aboriginal communities is vital for its success.

"British Columbia has an once-in-a-lifetime opportunity by exporting natural gas to Asia and we want to make sure First Nations are part of this industry's future," Clark said.

Related UPI Stories
Latest Headlines
Trending Stories
Pepsi to release 'Back to the Future Part II' inspired Pepsi Perfect
Nobel Prize in medicine awarded to parasitic disease scientists
Womb transplants begin in U.K. after Sweden's success
Gay Vatican priest comes out day before Pope Francis begins synod on family issues
Scientists find roadmap that may lead to 'exercise pill'