Exxon Mobil plans $25B LNG investment for B.C. northwest coast

Exxon Mobil is making a bid to get into B.C.'s liquefied natural gas industry with a potential $25 billion dollar investment.

Exxon Mobil and Imperial Oil say LNG plans dependent on B.C. 'investment climate'

This Jan. 30, 2012 photo, shows the sign for the ExxonMobil Torrance Refinery in Torrance, Calif. Exxon Mobile reports quarterly financial results before the market opens on Thursday, April 25, 2013. (Reed Saxon/The Associated Press)

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.

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.