Natural Gas Development Minister Rich Coleman (left)

Squamish mill site on LNG map; Clark signs agreement with Malaysia’s Petronas (VIDEO)

Woodfibre, a brownfield pulp mill site, could end up the first of B.C.'s 13 proposed liquefied natural gas exporters

A brownfield pulp mill site at Squamish could end up the first of B.C.’s 13 proposed liquefied natural gas exporters.

Premier Christy Clark has signed her second letter of intent since arriving in Asia for an LNG sales trip. It’s for one of the smallest, at Woodfibre, where the last of a series of forest operations closed in 2006. The pulp mill’s main legacy is an industrial-sized FortisBC natural gas line, which a company owned by Indonesian billionaire Sukanto Tanoto has proposed to use for an LNG export terminal.

Private ownership, a century of industrial history on the B.C. coast and the existing pipeline make the Woodfibre site one of the simpler proposals to bring online.

The largest agreement was signed Monday with Malaysian giant Petronas for export facilities at Port Edward on the B.C. North Coast. Purchase agreements from petroleum corporations in China, Japan, India and Brunei were unveiled at ceremonies in Kuala Lumpur.

Before the trip, Clark signed a similar letter of intent with a consortium headed by Shell Canada for a high-volume pipeline and LNG export facilities at Kitimat.

In an interview from Singapore, Clark said the Asian network offered by Petronas shows the world’s biggest players are responding to B.C.’s stable economy and its tax rates for gas exports. Clark said the China and India markets alone have steep growth ahead, with India Oil projecting a five-fold increase in gas use over the next decade.

“Today when you look at world events, you look at what’s happening with Russia and Crimea, you look at what happens in Africa on a regular basis, and some of the things that have happened in Australia where they’ve changed the goalposts, companies want one partner that they can trust explicitly,” Clark said. “And that is us.”

The consortium of Shell, PetroChina, Korea Gas and Mitsubishi identified their projects in Africa, Russia and Australia as competing for their investment capital.

B.C.’s biggest obstacles are the price in Asia by 2018, labour cost and building pipelines over the Rocky Mountains.

Just Posted

Unruly passenger forces Victoria-bound flight to divert to Calgary

Police say charges are pending against a woman in her 40s

RECALL: Salmon Village Salmon Nuggets

Customers warned not to eat product due to possible Listeria contamination

Victoria invited to get a closer look at Sunday’s lunar eclipse

Special event allows public to view the moon through UVic telescopes

Vancouver Island couple fights for their lives together

Richard Stuart needs a kidney, his wife Tracy has been diagnosed with cancer

Victoria Whisky Festival kicks off this weekend

Whisky-lovers flock to Hotel Grand Pacific for weekend events and tastings

Fashion Fridays: Inspirational gym outfits

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Vancouver Island conservancy group calls for government to shut down Georgia Strait herring roe fishery

DFO says extensive research is done annually before setting a maximum harvest rate

POLL: Should people have to license their cats?

The Victoria Natural History Society has sent letters to 13 municipalities in… Continue reading

Greater Victoria Crime Stoppers wanted list for the week of Jan. 15

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

High court ruling allows long-term expats to vote in byelections across Canada

Supreme Court decision enfranchised an estimated one million or more Canadian expats to be able to vote

B.C. woman posts to Facebook after she and nephew reported missing for days

Roseanne Supernault says both she and her six-year-old nephew are fine and she has contacted police

Company issues lifetime ban after man jumps from cruise ship

Nick Naydev posted the video last week showing him standing on the balcony of the Symphony of the Seas

The debate over how to teach math in B.C.

Tutoring businesses growing with concerns

Inflation rises as higher airfares, veggie prices offset cheaper gas

Statistics Canada says inflation accelerated to two per cent in December

Most Read