Steelhead LNG’s export licences for Malahat LNG, and a proposed project at Sarita Bay, are approved by the National Energy Board (NEB).
The NEB has approved Steelhead LNG’s applications for five licences to export up to 30 million tonnes of LNG per year for 25 years from its two proposed LNG projects on Vancouver Island. The NEB decision is subject to approval of the Governor in Council.
One licence is to export up to six million tonnes of LNG for 25 years is allocated to Malahat LNG, the proposed floating liquefaction and export LNG terminal adjacent to Malahat Nation land, 8km south of Mill Bay, British Columbia. The other four licences, to export up to 24 million tonnes of LNG per year for 25 years, are allocated to the proposed LNG project Steelhead LNG is exploring with the Huu-ay-aht First Nations on Huu-ay-aht land at Sarita Bay, 75 km southwest of Port Alberni on the west coast of Vancouver Island.
“We welcome this decision by the National Energy Board, which represents a significant milestone for our company and our projects,” said Nigel Kuzemko, CEO, Steelhead LNG.
“We’ve made tremendous strides in progressing our projects over the past year, including our announcement of Malahat LNG, our agreement with Williams subsidiary Northwest Pipeline LLC to commence with the design and approval process for a proposed natural gas pipeline to Vancouver Island, and our agreement with Höegh LNG, for Höegh LNG and Bechtel to perform the pre-front end engineering and design work for Malahat LNG.”
“While these developments and the regulatory approval by the NEB are being well received in the global LNG marketplace, we recognise that we are still at the beginning of a long process that will see us engage and work closely with First Nations, government, communities, residents and regulators to secure the environmental and regulatory approvals we need for our projects to continue to move forward.”