$4 Billion BC Liquified Natural Gas Export Facility Gets Green Light

$4 Billion BC Liquified Natural Gas Export Facility Gets Green Light
The Haisla First Nation's Kitimaat Village is seen in an aerial view along the Douglas Channel near Kitimat, B.C., on Jan. 10, 2012. The Canadian Press/Darryl Dyck
|Updated:
0:00

A new liquified natural gas export plant on British Columbia’s North Coast will soon be a reality.

The project was given the green light after the Haisla Nation and its partner Pembina Pipeline Corporation announced a final investment in the Cedar LNG plant, a US$4 billion floating liquefied natural gas (LNG) facility near Kitimat, located on Haisla territory.

The First Nation is a majority owner in the project with a 50.1 percent stake while Calgary-based Pembina has a 49.9 percent stake.