Petronas’s Pacific NorthWest LNG Signs Tax Agreement with the District of Port Edward
Posted on Dec 17, 2014 in Canada & Mexico, LNG Exports, State and Local Issues | Comments Off on Petronas’s Pacific NorthWest LNG Signs Tax Agreement with the District of Port Edward
Pacific NorthWest LNG and the District of Port Edward, British Columbia, announced today that they have agreed to a 25 year agreement-in-principle in support of infrastructure and services totaling approximately $150 million related to a proposed LNG export terminal on Lelu Island. The agreement is subject to Pacific NorthWest LNG proceeding to construction of the terminal and will be effective upon the execution of a long-term lease with the Prince Rupert Port Authority.