BC First Nation and partners propose a new $10B LNG large-scale project
An aboriginal in British Columbia proposed to build a new liquefied natural gas (LNG) export facility on the community’s treaty land and made an environmental commitment to achieve net zero emissions within three years of starting operations.
The territory of Nisga’a Nation is located north of Prince Rupert, near the Alaska border, and is cooperating with a group of natural gas producers called Rockies LNG Partners in Western Canada and a Texas energy company called Western LNG .
The project, called Ksi Lisims LNG, will include a pipeline to transport natural gas from the northeast corner of the province to the coast. The facility itself is estimated to cost US$10 billion.
The refrigerated natural gas will be loaded on board and exported to Asia.
Project supporters are scheduled to announce the project on Monday and will begin to apply for the necessary government permits and begin formal negotiations with communities in the area.
The project will undergo an environmental assessment as part of a joint regulatory review by the federal, provincial, and Nisga’a governments.
In 2000, Nisga’a signed an agreement with the governments of Canada and British Columbia treaty This allowed Nisga’a to control approximately 2,000 square kilometers of territory in the Nas Valley in northwestern BC.
“For a long time, attracting economic foundations for our treaty land in the Nass Valley has been a priority for the Nisga Nation,” Nisga Nation President Eva Clayton said in a press release.
“This is why our country has been committed to attracting the world’s leading LNG projects to our treaty land for nearly a decade, and why we are proud today to begin formal supervision of our project Ksi Lisims LNG.”
Due to the global demand for LNG, the price of LNG in Asia is at a multi-year high Strong natural gas Meet the power generation needs of many countries this summer.
Net zero goal
As supporters continue to finalize the commercial agreement, the ownership of Ksi Lisims LNG is still being determined.
The economic impact of Ksi Lisims LNG is estimated at USD 55 billion, including facilities, pipelines and 30 years of natural gas production.
Ksi Lisims LNG is negotiating with the two companies to build the pipeline. Enbridge’s Westcoast Connector Natural Gas Transmission Project and TC Energy’s Prince Rupert Natural Gas Transmission Project have both received environmental approvals because they were designed to transport natural gas for the now cancelled LNG export project in the Prince Rupert area.
Company officials stated that LNG facilities may be put into operation by the end of 2027 or 2028, and through the use of hydropower, energy efficiency, carbon offset, and potential carbon capture and storage, net zero emissions will be achieved within three years after startup .
Net zero emissions means that any greenhouse gas emissions produced are offset by other measures.
The floating liquefaction facility will be located near Gingolx Village, a coastal community approximately 80 kilometers north of Prince Rupert. The project can produce 12 million tons of liquefied natural gas annually and create 4,000 construction jobs.
The facility will be almost the same as the first phase of the Canadian LNG project, which is led by Shell Canada and is currently under construction near Kitimat. The initial stage will be able to export 14 million tons of natural gas.
A much smaller Wood Fiber LNG project near Squamish is expected to make a final investment decision on its proposed facility later this year, which will produce 2.1 million tons of LNG per year.
Last month, Haisla Nation announced a partnership with Pembina Pipeline on a 3 million tons planned project called Cedar LNG near Kitimat.