Exxon Mobil plans $25B LNG investment for B.C. northwest coast
Exxon Mobil and Imperial Oil say LNG plans dependent on B.C. 'investment climate'
Exxon Mobil is making a bid to get into B.C.'s liquefied natural gas industry with a potential $25 billion dollar investment.
The company, in partnership with Canadian affiliate Imperial Oil, has filed an an application to export LNG with the National Energy Board. It also submitted its plans for the West Coast Canada LNG terminal to B.C.'s Environmental Assessment Office.
"We are at a relatively early stage of project definition," said Pius Rolheiser, a spokesperson for Imperial Oil, told The Early Edition's Rick Cluff.
"Potential investment in an LNG project would be dependent on a range of factors, including outlooks for long term markets, competitive fiscal arrangements, the general investment climate — in order for an LNG project to go, you need a number of things to be present," Rolheiser said.
To hear the full interview with Pius Rolheiser, click the audio labelled: Exxon Mobil eyes B.C. LNG.