B.C. Passes Legislation Allowing LNG Project Agreements
Posted on Jul 22, 2015 in Canada & Mexico, Liquefaction, LNG Exports, Markets and Competition, Policy, Legislation and Politics | Comments Off on B.C. Passes Legislation Allowing LNG Project Agreements
Yesterday, the British Columbia (B.C.) legislature passed Bill 30, the Liquefied Natural Gas Project Agreements Act, which provides legislative authority for the B.C. government to enter into LNG project agreements. The act has also received Royal Assent. Bill 30 allows for the ratification of B.C.’s first LNG project agreement with Pacific NorthWest LNG (PNWLNG) for the development of a liquefaction and LNG export terminal on Lelu Island, near Prince Rupert, B.C. PNWLNG is majority owned by Malaysian state-owned oil company Petronas.