The Malahat First Nation and Steelhead LNG have reached a deal to develop an liquefied natural gas facility in Bamberton, about 40 kilometres north of Victoria, B.C.
The proposed floating liquefaction facility moored to shore would have capacity to process up to six million tonnes of LNG per year.
The partners said the facility would create 30 years of revenue for the Malahat Nation and would create 200 full-time jobs when it's fully operational.
The Malahat First Nation has close to 300 members, 135 of which live on Malahat lands.
In July, the Malahat First Nation purchased land around Bamberton. The $37.5-million deal took more than a year to negotiate.
Earlier this year, Vancouver-based Steelhead LNG announced it was also partnering with the Huu-ay-aht First Nations to build a proposed LNG facility at Sarita Bay on Vancouver Island.
"A previous version of this story contained an incorrect number regarding the full-time jobs to be created. In fact, it will create 200 full-time jobs."Aug 20, 2015 2:07 PM PT