TransCanada made a positive final investment decisionfrom LNG for the proposed Pacific NorthWest (PNW) LNG liquefaction and export facility in the Port Edward district of British Colombia.
“This development is a significant step forward,” said Russ Girling, TransCanada’s president and chief executive officer.
The move advances the company’s $46 billion capital growth plan, which includes more than $13 billion in proposed natural gas pipeline projects in support of the emerging LNG industry on the B.C. coast.
TransCanada remains on target to begin construction in 2015 and bring the pipeline into service in 2019-2020. The 559-mile pipeline will deliver natural gas from the North Montney producing region near Fort St. John, B.C. at an interconnect on the NGTL System to the proposed PNW LNG liquefaction and export facility planned for Lelu Island, south of Prince Rupert.
In a related announcement, the Canadian government accepted the National Energy Board’s (NEB) recommendation to approve the North Montney Mainline Pipeline Project. The project will connect Montney and other Western Canadian Sedimentary Basin supply to existing and new natural gas markets including the proposed Pacific NorthWest LNG terminal through its interconnect with PRGT.