🇨🇦 Mark Carney
Carney says $33-billion LNG expansion shows Canada as an energy superpower | Daily Hive
What happened
The investors behind LNG Canada have made a decision to proceed with the $33-billion expansion of their facility in Kitimat, B.C., increasing the terminal's annual production capacity from 14 million to 28 million tonnes. The expansion will add two processing units, another LNG storage tank, and an additional loading berth, along with supporting equipment. LNG Canada expects up to 4,000 construction jobs at the Kitimat site at peak activity and to add approximately 90 full-time roles and 150 con
Why it matters
The expansion is considered the second-largest single private investment in Canadian history and is expected to generate more than $50 billion in government revenue over the project's lifetime, according to the Greater Vancouver Board of Trade. The project also advances an opportunity for five nearby First Nations to become owners of part of the terminal's infrastructure, with an option to invest up to $1 billion for a majority stake in the new LNG storage tank. The expansion will provide a long
Key facts
- LNG Canada's annual production capacity will increase to 28 million tonnes
- The expansion is expected to generate more than $50 billion in government revenue
- LNG Canada expects up to 4,000 construction jobs at the Kitimat site at peak activity
- LNG Canada has awarded more than $4.9 billion in contracts and procurement to Indigenous-owned and local businesses
- The project will provide a long-term source of revenue for five nearby First Nations.
Official statement
“The historic investments in LNG Canada are proof that Canada is building big and bold again. This facility reflects the best of Canadian ambition — built in partnership with Indigenous Peoples, it will export some of the lowest-emitting LNG to new markets in Asia,”
🇨🇦 Mark Carney · Full statement & source
Topics
Publisher evidence used
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