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July 16, 2014
A Vancouver-based company and a Vancouver Island First Nation announced plans to work together to build a liquefied natural gas plant on aboriginal-owned land on the west coast of Vancouver Island.
Steelhead LNG Corp., and the Huu-ay-aht First Nations signed a development agreement to build the LNG plant on treaty land located near Bamfield at the southern end of Alberni Inlet about 90 kilometres west of Port Alberni.
Steelhead LNG said the project could represent an investment of about $30 billion, with the plant operating for 25 years. The company said it applied to the National Energy Board for an export permit of up to 30 million tonnes of LNG a year.
Steelhead LNG chief executive officer Nigel Kuzemko said in a telephone interview that the project is in its early days and a final investment decision on whether to proceed with the plant is at least four years away.