LNG Canada committing to start construction on B.C. project this year
VANCOUVER — Andy Calitz, the head of LNG Canada, committed on Tuesday that his company will start construction on a LNG facility on B.C.’s coast this year. The $40-billion project would be the largest single infrastructure investment in B.C.’s history.
The company has still not made a final investment decision.
An investment decision on the terminal was delayed in 2016 due to low oil prices and lower than expected supply compared to demand. A final decision is expected to come in the fall of this year.
“It didn’t make sense in July 2016,” Calitz said at an LNG conference on Tuesday in Vancouver. “When (our stakeholders) asked the inevitable question, when will you reconsider the FID? Our answer was: We will be in construction in 2018. I reaffirm that commitment today.”