The B.C. Government has its first final investment decision on a proposed LNG facility but it’s not the decision it was hoping for.
The economic battering of the natural gas market has caused what might be the first scrapping of a proposed B.C. LNG project.
Buried in the year end results for AltaGas released today was several sentences with a big impact for the province’s LNG plans.
The company says “due to adverse economic conditions and worsening global energy price levels” it is halting development of its proposed DC LNG facility.
Before it was scrapped the plan was to build the facility near Kitimat and it was to begin operations in 2018.