Altagas could step in and save Douglas Channel LNG

The Douglas Channel project was a joint venture with the Haisla First Nation but this reorganization could mean the project is split into two.  The Haisla First Nation would develop a partnership with Golar LNG and Altagas would partner with a Belgium company.

The Douglas Channel LNG project was one of the first to get an LNG export licence.  The company had planed to use an existing pipeline to Kitimat and had struck a sales deal with Golar LNG.

Final details of the split could be presented to the court by March 31, 2014.

For more on the story, read the Financial Post story by clicking here