$40-billion joint venture that includes a gas liquefaction plant in Kitimat.
Announcement comes less than a year after Petronas and partners scrapped $36-billion megaproject in BC.
LNG Canada put the brakes on its Kitimat project because of weak global prices.
Partners blames drop in natural gas prices for the delay, which it says has made the project too expensive for now.
Environmental approvals, permits and First Nations support is falling into place for up to 20 LNG projects in BC.
LNG Canada will be allowed to export up to 1,494-billion cubic metres of liquefied natural gas from Kitimat, BC terminal.
Facility would initially consist of two processing units, each with the capacity to produce 6.5 million tonnes of LNG annually.
LNG Canada joint-venture says its Kitimat export facility would produce up to $39 billion in tax revenues over its lifespan.
Project decision still not final.
The BC LNG Developers Alliance wants planned gas terminals treated as manufacturing operations to gain tax concessions.