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

UPDATED: Trudeau announces bioregional oceans protection agreement in Prince Rupert

Agreement announced in partnership with 14 central and north coast First Nations

115 new wildfires burning across B.C. due to 19,000 lightning strikes

More fires expected to start today, says BC Wildfire Service officials

Local artist Danika Naccarella commissioned to design artwork for Northern Sea Wolf

The Sea Wolf symbolizes family, loyalty and the protection of those travelling their waters.

‘Daddy bonus’ common in B.C. workplaces, study finds

UBC researchers say dads don’t have to be number one in the office to get a raise

Marijuana to be legal in Canada Oct. 17: Trudeau

Prime Minister made the announcement during question period in the House of Commons

VIDEO: B.C.’s ‘unicycle cowboy’ aspires to be rancher one day

Burklan Johnson has only ridden a horse once, but this unicyclist has big plans to become a cowboy.

Second Narrows Bridge collapse survivor remembers tragic day

Kelowna’s Norm Atkinson remembers what it was like to survive B.C. ‘s worst industrial accident

Lions need to focus on football after disruptive fan incident: coach

Wally Buono says his players need to focus on football after defensive back Marcell Young hit a fan

Liberals set hiring, procurement rules for federally-funded projects

Indigenous Peoples, recent immigrants, veterans, young people, people with disabilities and women to be hired

Get your hot dog water, only $40 in Vancouver

‘Hot Dog Water’ seller in Vancouver gets laughs, sales with savvy marketing

Privacy questions linger two years after Canada-U.S. terror list deal struck

Two years after Canadian and U.S. security agencies signed an updated agreement officials consider privacy risk

Manitoba MP was allegedly abusive at Red Cross shelter

Canadian Red Cross has filed a complaint that Liberal backbencher MaryAnn Mihychuk ignored protocol

Fiery crash closes Highway 5 near Barriere

The stretch of highway won’t be open until at least 10 a.m., DriveBC says

Rescued Oregon family simply unprepared for adventure, RCMP say

Agencies now helping the group of four get to their destination in Alaska

Most Read