Chevron | Woodside Petroleum (Apache withdrew in July 2014, Woodside joined in December 2014)
The Kitimat LNG facility received its environmental assessment approval in 2006 and has obtained an export license. The project has not reached a final investment decision. In January, 2015 Chevron announced a significant decrease in spending on Kitimat LNG. In March, 2018 Chevron was in talks to sell part of its stake in the project.
The $4.5 billion project would transport 10 million tonnes of LNG per annum, and require between 5-7 LNG shipments from Kitimat to Asia per month. Bish Cove, the target of several development projects, is a Haisla Indian Reserve and has been legally designated as an industrial park. By designating the reserve an industrial park, the Haisla allow the provincial and federal authorities to enforce and regulate industrial activities, such as LNG facilities.
The gas for this proposal would be sourced in the Liard and Horn River basins in northeastern BC. The Horn River gas has higher greenhouse gas emissions due to its carbon content.
The timing of a final investment decision for Kitimat LNG came into question in October 2013 when the Chevron Canada President stated that there is uncertainty with long term supply contracts, and questioning how the provincial fiscal regime will impact the project. Financial backing for this project became even more uncertain in the summer of 2014 when 50/50 partner Apache pulled out of the proposal. With Woodside joining the project in December 2014 there was greater financial stability but still no final investment decision. In January, 2015 Chevron announced a significant decrease in spending on Kitimat LNG.
Bish Cove, Kitimat
There are currently no opportunities to participate.
Connect to the Kitimat LNG website.
Find out more about the environmental assessment for Kitimat LNG.
269 City Centre
Kitimat, BC V8C 1T6
Project map (click to enlarge):