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    market news

    BC Introduces New LNG Development Legislation

    Charlotte McLeod
    Feb. 16, 2015 04:42PM PST
    Resource Investing News

    The government of British Columbia announced that new legislation regarding “the construction, operations and permitting of LNG development on federal port lands” has been introduced into the province’s legislature.

    The government of British Columbia announced that new legislation regarding “the construction, operations and permitting of LNG development on federal port lands” has been introduced into the province’s legislature.

    As quoted in the press release:

    Bill 12, the Federal Port Development Act (FPDA) will extend provincial authority and application of provincial law to LNG-related development on federal port lands. The bill creates a seamless regulatory environment that complements the 2014 amendments to the Canada Marine Act (CMA) made by the federal government.

    The FPDA authorizes the Province to enter into agreements with the federal government and a federal port to administer and enforce provincial law on port lands. For example, agreements under the FPDA would detail how the BC Oil and Gas Commission would oversee development and operations of LNG facilities at a federally regulated port.

    Rich Coleman, deputy premier and minister of natural gas development, said:

    This legislation will continue to support British Columbia’s liquefied natural gas industry. Proponents will be able to invest in a facility knowing the rules that apply and provincial officials will ensure LNG operations are safe and environmentally sound.

    Click here for the full press release from the BC government.

    gas industrymarket newscanadanatural gas industryliquefied natural gas
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