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northernbcbusiness.comOil & Gas | Northern BC Business - Part 2 – page 2northernbcbusiness.com

Communities Want Kickback from Local Resources

Three regional districts and 23 local governments that have now become involved in the Northwest BC Resource Benefits Alliance. The goal of the alliance is to assure that from any resource development, be it mining, or LNG, or other,  some of the benefits from that industry are sent directly back to the communities which are affected by it… before those taxation dollars go to the Government. This revenue would enable communities to address current impacts […]

Petronas’ review of Canadian LNG project still ‘ongoing’, but CEO keen to monetize Montney natural gas asset

The head of the consortium proposing to build the Pacific NorthWest LNG project declined to provide a timeline on a possible final investment decision Wednesday, as the market for large-scale liquefaction facilities continues to weaken. “We’re doing a total review of the project, and taking into account all the cost optimization options,” said Petronas CEO Datuk Wan Zulkiflee Wan Ariffin. “That is still ongoing.” Malaysia-based Petronas is the largest stakeholder in the roughly $36-billion LNG […]

Pacific NorthWest LNG mulls co-operation with Shell for northern B.C. facilities

A liquefied natural gas consortium is exploring ways to build docking facilities off Ridley Island in a move that would require the co-operation of a rival in northern British Columbia. Pacific NorthWest LNG, led by Malaysia’s state-owned Petronas, is considering footing the bill to construct the marine terminal in exchange for gaining access to Shell Canada Ltd.’s development rights on Ridley Island and nearby waters. Pacific NorthWest LNG’s planned liquefaction terminal would still be located […]

B.C. government issues environmental approval for Towerbirch Expansion Project

From Energetic City www.energeticcity.ca Environment Minister Mary Polak and Natural Gas Development Minister Rich Coleman announced that they have granted the Towerbirch Expansion Project environmental assessment approval. The certificate has been issued to NOVA Gas Transmission Ltd. which is a 87 km long interprovincial natural gas pipeline between British Columbia and Alberta. 69 of it is scheduled to go through the Peace River Regional District. The government says the environmental assessment certificate’s 17 conditions are in addition […]

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