SAANICH NEWS – Steelhead still bullish on LNG plans for Vancouver Island

By  John McKinley – Nanaimo News Bulletin
Posted Feb 15, 2016 at 11:00 AM

Never mind the choppy waters, it’s still damn the torpedoes, full speed ahead for the firm behind Vancouver Island’s biggest industrial proposal in at least a generation.

Despite glum economic forecasts, political opposition and upheaval for one of its key partners, the CEO of Steelhead LNG says the company is still on track to make a 2018 decision on whether to proceed with a multi-billion-dollar plan to build two liquified natural gas plants on Vancouver Island.

“We are on target, given the schedule we had before,” Steelhead CEO Nigel Kuzemko said.

Kuzemko’s comments come in the wake of Tuesday’s throne speech where Premier Christy Clark pledged the B.C. government’s continued commitment to LNG exports, despite project delays and a global glut of oil and gas.

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