The federal government says it is investing $200 million in the Woodfibre LNG project in British Columbia.
Energy Minister Tim Hodgson says the investment in the project in Squamish, north of Vancouver, will take place over three years.
He says it’s a project that’s being advanced in collaboration with the Squamish Nation that should make Canadians proud.
Speaking at a news conference in Vancouver, Hodgson says the investment will support a near-25-percent increase in the project’s capacity from 2.1 million tonnes to 2.6 million tonnes of LNG per year.
Premier-designate Lorne Doerkson says the federal investment is welcome news for the region and for British Columbia’s economy.
He says the project, which the operators say will be substantially completed next year, demonstrates what is possible “when governments, First Nations and industry work together.”
