Minister headed to Malaysia following approval of LNG Legislation

B.C.’s Finance Minister Michael de Jong will travel to Malaysia to meet with government officials to review the progress toward making the first LNG project in B.C. a reality.

The Province passed the Liquefied Natural Gas Project Agreements Act on July 21, 2015, and ratified the Pacific NorthWest LNG project agreements on July 23, 2015.

“Now that the Province has met its obligations, we are an important step closer to the company’s final investment decision and the start of an LNG industry in B.C.,” said de Jong.

“We will keep moving forward to make this incredible opportunity a reality so we can build our economic portfolio, and create jobs and opportunities for British Columbians now and in the future.”

During this six-day trip, de Jong will meet with key government officials to discuss the ratification of a project agreement with Pacific NorthWest LNG, which is majority-owned by Malaysia’s nationally owned oil company, Petronas.

In June, Pacific NorthWest LNG announced it had reached an investment decision subject to approval of the project agreement by the B.C. legislative assembly and a positive regulatory decision on the project’s environmental assessment by the federal government.

The estimated travel and accommodation cost for the minister and his chief of staff is approximately $7,900. Detailed information on final amounts will be made available.