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.

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