Kitimat, B.C. thriving alongside emerging LNG industry – Canadian Investor

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Kitimat, B.C. thriving alongside emerging LNG industry CanadiansInvest

Residents of Kitimat are earning top wages because of the LNG industry and LNG Canada

“Kitimat is a great example of Canadian industries that are at the leading edge of environmental protection,” says Germuth, who owns a local automotive repair business. After reaching the west coast, pipeline gas will be converted to LNG, pumped onto vessels, and shipped out the Douglas Channel to open ocean – primarily to Asian markets to meet rising energy demand while helping lower emissions byAccording to the International Energy Agency, switching from coal to natural gas reduces emissions by half on average.

The number of businesses in Kitimat grew from 216 in 2017 to 250 in 2022. Business license sales rose from five percent to 10 percent year-on-year since 2017 – currently at a record high of 766 new licenses. Rental vacancy has dropped from 44.1 percent in 2018 to 23.8 percent in 2023.

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