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LNG agreement signed in Canada

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Steelhead LNG and Huu-ay-aht First Nations sign Opportunity Development Agreement for LNG project on Huu-ay-aht First Nations land at Sarita Bay.

The HFN-owned land at Sarita Bay is approximately 10kms north of Anacla at the southern end of Alberni Inlet on Vancouver Island.

The project, which would include a land-based liquefaction facility, could ultimately represent an investment of US$30bn and create hundreds of direct jobs from design through construction, and hundreds of additional full-time operational jobs should the project go ahead.  If the project goes ahead, the facility would run for at least 25 years.

On July 8, Steelhead LNG applied to the National Energy Board for a license to export up to 30.0 million tonnes of LNG per year for 25 years. The development of the Sarita Bay site would be split into four 6mtpa (million tonnes per annum) LNG production trains, which is reflected in the application. Steelhead LNG is currently working with pipeline companies to explore infrastructure options to deliver the gas from northern British Columbia to western Vancouver Island, and options for an additional 6.0mtpa LNG export facility along a pipeline route.

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