Canada B.C. passes LNG Projects Agreement Act

摘要

British Columbia (B.C.) has passed the Liguefied Natural Gas Project Agreements Act, which provides the legislative authority for government to enter into LNG project agreements. The bill has now received Royal Assent, after the B.C. legislature reconvened for a special summer legislative session on 13 July. The act allows for ratification of the first LNG project agreement, signed with Pacific Northwest LNG. The project is expected to make the biggest private sector capital investment in B.C.'s history, worth approximately US$36 billion, creating 4500 jobs at peak construction, as well as hundreds of long-term operational and spin-off jobs.