THE GLOBE AND MAIL – B.C. to release LNG tax laws next month

VANCOUVER — The Globe and Mail

Government aims to bring fiscal certainty for projects racing to capitalize on lucrative export opportunities

British Columbia will unveil tax rules for the province’s fledgling liquefied natural gas industry next month, during a pivotal point in the race to export LNG.

The timing is crucial because B.C. LNG proponents are edging closer to making their final investment decisions on whether to forge ahead with their massive projects.

Rivals such as Australia, Qatar, Nigeria and the United States are among the jurisdictions ahead of Canada in the global LNG competition. B.C. could miss out on a window of opportunity because foreign suppliers are eager to export LNG to meet growing global demand, especially in Asia.

B.C. Deputy Premier Rich Coleman said the province is optimistic that the proposed income tax on LNG, to be introduced in legislation in the fall session, will be competitive with other jurisdictions.

Click here for the full story

VANCOUVER SUN – Trades authority launches training plan for B.C.’s prospective LNG industry

SEPTEMBER 16, 2014

Plan focuses on training opportunities for First Nations and youth

British Columbia’s trades-education authority will put a focus on strengthening training opportunities in the north and in Aboriginal communities as part of its plan to generate the estimated 20,000 skilled employees the province’s prospective liquefied natural gas industry would need to build up to five major LNG projects.

Click here for the full story

VANCOUVER SUN – It’s crunch time for B.C. liquefied natural gas

By Yadullah Hussain, Financial Post
September 5, 2014

Canadian liquefied natural gas may soon be lighting up Hawaii, if plans to ship the super-chilled gas to the Pacific island state come to fruition.

As 16 LNG consortiums consider investments on the West Coast, Kelowna, B.C.-based FortisBC Energy Inc. is expected to beat the traffic and start supplying LNG to Hawaiian Electric Co. under a 15-year agreement starting mid-2017, subject to regulatory approvals.

Click here for the full story


Stay Informed

Contact Us

Address 2200 – 1075 West Georgia Street
Vancouver, BC V6E 3C9
Phone Office: 604-235-3800