Government of Canada confirms support for largest private investment in Canadian history
“Building on a 60% increase in foreign direct investment last year, our government has created the economic conditions to attract the largest private sector investment in Canadian history. LNG Canada’s facility will help bring a cleaner Canadian energy source to replace coal in some of the world’s fastest growing economies while creating thousands of good jobs in northern British Columbia, in First Nations communities and across Canada.”
– The Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development
“The Government of Canada is proud to support this historic $40 billion project that will get our resources to new markets, diversify our trade, grow our economy and create middle-class jobs for Canadians, including First Nations and other communities in northern British Columbia. It’s a vote of confidence in Canada’s resource industry and is good news for Canadians right across the country.”
– The Honourable Bill Morneau, Minister of Finance
“Our government supports the creation of a clean, sustainable and competitive LNG export sector. Well-planned projects have the potential to strengthen regional, local, Indigenous and national economic development objectives. The LNG development has the potential to help the world build a low carbon energy future.”
– The Honourable Amarjeet Sohi, Minister of Natural Resources
“The Government of Canada has enabled LNG Canada’s development of the lowest carbon content LNG for export in the world today. This secures thousands of high-paying jobs and billions in government revenues and demonstrates Canada is a place for major private sector investments. The Haisla Bridge is vital infrastructure linking the community of Kitimat to the sites and ports that will export LNG and aluminum to Asia. LNG Canada is pleased to have the Government of Canada step forward to support the community and the development of Canadian natural resource exports.”
– Andy Calitz, CEO, LNG Canada
This $40 billion project, located in Kitimat, includes a liquefaction facility, a 670 km pipeline from Dawson Creek and a marine terminal. The project represents the largest private sector investment in Canadian history and is an important future avenue of growth for Canadian gas exports.
The investment in the LNG Canada facility will create 7,500 direct construction jobs and at least 300 permanent jobs in the new facility once completed. The number rises to 10,000 jobs when including pipeline construction and other upstream employment.
LNG Canada received required regulatory approvals in 2015 and is the first Canadian LNG project to reach a final investment decision.
Construction activities began in October 2018, with a target in-service date of the middle of the next decade.
At full capacity, the terminal will convert and export as much as 26 million tons of LNG per year, primarily to Asia. This represents roughly 20% of overall gas production in Canada.
On October 2, 2018, the Right Honourable Justin Trudeau, Prime Minister of Canada, announced $275 million in federal support, as well as a commitment that trade barriers would not get in the way of this generational project.
- A $220 million investment is being made through the Strategic Innovation Fund to support a key component of the LNG Canada facility. The Strategic Innovation Fund is designed to attract and support high-quality business investments in Canada’s most dynamic and innovative sectors.
- A $55 million investment for the replacement of the Haisla Bridge is being made through Western Economic Diversification Canada.
It is estimated that the Haisla Bridge project will create up to 100 jobs over the four-year construction period. These jobs will benefit people living in the District of Kitimat and surrounding region, including First Nations communities.
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Office of the Minister of Innovation, Science and Economic Development
Innovation, Science and Economic Development Canada
Regional Communications Manager
Western Economic Diversification Canada
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