ExxonMobile newest member of BC’s LNG Alliance
Company has a licence to export up to 30 million tonnes annually.
VANCOUVER — An international energy giant has joined an alliance of companies that is promoting the development of a liquefied natural gas industry in northern British Columbia.
ExxonMobile Canada Ltd., a subsidiary of US-based energy giant Exxon Mobil Corp., says it has joined the British Columbia LNG Alliance.
Current members include key international players like Chevron Canada, Shell Canada Energy, PETRONAS, and PetroleumBRUNEI.
The alliance says ExxonMobile has a licence to export as much as 30 million tonnes of LNG annually and the company has entered an option agreement with the City of Prince Rupert for a site at Tuck Inlet.
ExxonMobile says it’s the world’s largest publicly traded oil and gas company, and spokesman Richard Guerrant says it’s looking forward to working with government to develop a world-class LNG in Canada’s west.
In October, the provincial government dropped its proposed goal of a 7% income tax on the province’s liquefied natural gas industry to 3.5% for the next 20 years.
© 2014 The Canadian Press