LNG Canada says it has reached an agreement with five neighbouring First Nations in northern British Columbia that would give the communities an option to invest in the company’s proposed second phase, often referred to as “LNG Canada 2.” According to reporting from multiple outlets, the arrangement is designed to allow Indigenous partners to participate financially if the expansion proceeds. The deal provides an option for the five First Nations to invest up to $1 billion in the project’s proposed second phase.
One outlet describes the planned investment in connection with a major LNG storage tank expected to be central to the expansion’s operations, while another states more generally that the First Nations would have an opportunity to invest up to that amount. The sources agree on the location—Kitimat and northern B.C.—and on the key terms: the participation is structured as an option, it involves five First Nations, and the maximum investment under the arrangement is $1 billion tied to the expansion project, subject to LNG Canada 2 moving forward.
