Nisga’a Nation and business partner to purchase approved pipeline plan for LNG project

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Energy News

Nisga’A Nation,Business Partner,Pipeline Plan

The Nisga’a Nation and a business partner are acquiring an already-approved pipeline plan for their planned Ksi Lisims LNG project. The financial terms of the deal with TC Energy, the owner of the Prince Rupert Gas Transmission pipeline scheme, are not disclosed. The pipeline was originally intended to run across northern B.C. and exit from Nisga’a territory to a proposed LNG facility near Prince Rupert.

The Nisga’a 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, Nisga’a Nation and Western LNG LLC aren’t 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 “material” 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 Nisga’a territory on the coast to then turn south underwater to a proposed LNG facility near Prince Rupert. At 900 kilometres, a distance beginning in Hudson’s Hope in the northeast, the pipeline was one of many optimistic LNG-related plans to subsequently be shelve

 

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