Business in Vancouver – Huu-Ay-Aht First Nations signs project agreement with Steelhead LNG

Tue Jul 8, 2014 11:07am PST

Steelhead LNG Corp. and the Huu-ay-aht First Nations (HFN) announced July 8 they have signed an opportunity development agreement that will see them work together to explore developing a liquefied natural gas (LNG) project on HFN-owned land at Sarita Bay, approximately 10 kilometres north of Anacla at the southern end of Alberni Inlet on Vancouver Island.

The project, which would include a land-based liquefaction facility, could ultimately represent an investment of US$30 billion and create hundreds of direct jobs from design through construction, and hundreds of additional full-time operational jobs should the project go ahead. If the project goes ahead, the facility would run for at least 25 years.

On July 8, Steelhead LNG applied to the National Energy Board for a licence to export up to 30 million tonnes of LNG per year for 25 years. The development of the Sarita Bay site would be split into four, six million tonnes per annum (mtpa) LNG production trains, which is reflected in the application.

The company announced earlier this year it planned to soon file for an export licence.

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