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Northern BC First Nation buys TC Energy pipeline plan

NisgaB次元官网网址檃 and undisclosed partner seek to resurrect pre-approved Prince Rupert Gas Transmission project
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An artistB次元官网网址檚 rendition of the proposed Ksi Lisims LNG floating facility. Representatives for the prospective project say the remote nature of the plan would mitigate social and environmental concerns. (Illustration courtesy of Ksi Lisims LNG)

The NisgaB次元官网网址檃 Nation and a business partner say they are purchasing an already-approved pipeline plan through which natural gas would be pumped to their planned Ksi Lisims LNG project off the north coast.

Citing confidentiality because they are private entities, NisgaB次元官网网址檃 Nation and Western LNG LLC arenB次元官网网址檛 releasing the financial terms of the deal with TC Energy, the owner of the Prince Rupert Gas Transmission pipeline scheme.

But TC Energy said initial proceeds are not expected to be B次元官网网址渕aterialB次元官网网址 to the company, although it can earn more money should the project ever get built.

The Prince Rupert Gas Transmission pipeline was originally conceived in the last decade to run across northern B.C. eventually exiting from NisgaB次元官网网址檃 territory on the coast to then turn south underwater to a proposed LNG facility near Prince Rupert.

At 900 kilometres, a distance beginning in HudsonB次元官网网址檚 Hope in the northeast, the pipeline was one of many optimistic LNG-related plans to subsequently be shelved.

Instead of turning south, it would now have to alter course, running underwater northward to the proposed Ksi Lisims LNG floating barge facility adjacent to Pearse Island north of Gingolx.

The pipeline was one of two under consideration as potential suppliers of natural gas to Ksi Lisims.

The purchase is intended to close in the second quarter of this year.

TC Energy president Francois Poirier said B次元官网网址渆nabling LNG development in B.C. is good for Indigenous communities [and] our customers.B次元官网网址

NisgaB次元官网网址檃 Lisims Government president Eva Clayton called the deal B次元官网网址渉istoricB次元官网网址 for Indigenous participation in the Canadian economy.B次元官网网址



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