The provincial government will recall legislature July 13 to debate a project signed with the Petronas-led Pacific Northwest LNG consortium.
The move is said to be the next step towards finalizing the liquefied natural gas (LNG) export terminal proposed for Lelu Island within the District of Port Edward.
"The company has met its commitment to ratify the agreement we signed, which established the path to a final investment decision on the project,” Finance Minister Mike de Jong said in a statement.
“Now it’s [up to] the government to address our commitment, which will see the public release of the project development agreement and the introduction of legislation that would ratify this agreement and enable future agreements with other proponents.”
The ministry did not respond to inquiries about what that legislation would look like by deadline.
It is also unclear how long the summer session will last.
The Pacific NorthWest LNG consortium consists of Petronas (62%) along with Sinopec (10%), Indian Oil Corp. (10%), Japan Petroleum Exploration, (10%), China Huadian Corp., (5%) and Petroleum Brunei (3%).
The group announced a conditional positive Final Investment Decision for the project on June 11.
The deal was sanctioned on two conditions: approval from British Columbia's legislature, considered a formality, and the granting of an environmental assessment from the federal government.
“This is important for B.C. and the region,” South Peace MLA Mike Bernier said.
“I am glad we are not waiting and calling a summer session.”
