BC’s Energy minister is welcoming news the federal government has allowed the sale of two Canadian gas and oil giants to Asian state owned companies.
Rich Coleman says the Petronas takeover of Progress Energy Resources is great for BC as they have a stake in a liquified natural gas plant proposal in Prince Rupert.
Colemans ays the company had indicated if the sale of progress was allowed by the feds they would actually increase the footprint of the LNG plant.
“Which is a real gamechanger for British Columbia natural gas and our future because the whole LNG stuff, the liquified natural gas, could be as much as a trillion dollars GDP over 25 to 30 years which changes the entire game for the people of BC for health care, education, balancing budgets, and all of those things.”
Coleman also says it means a boost for jobs in BC
“Tens of thousands of jobs and opportunities for our young people our trades the whole nine yards.”
Coleman says he expects the Malaysian company to now aggresively move ahead with the plant.
“I met with them just a few weeks ago. They were forging ahead anyway they were just hoping that this would come together because it actually secures the resource that they want to liquify so that they can now think about building bigger and being more aggressive on their plans. They are being aggressive on their plans on the pipelines and the work they are doing already but I think you will that this is …just takes it to the next level.”
As for when the Prince Rupert LNG plant might be completed.
“The estimate for Petronas was about 2018 2019 that they would be up and running and i know they were trying to advance that agenda.”
Petronas is shelling out six-billion dollars to buy Progress Energy Resources
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