Pacific NorthWest announced a positive Final Investment Decision in June 2015, subject to two conditions. The investment decision will be confirmed by the partners of the project pending approval of the Project Development Agreement by the Legislative Assembly of British Columbia and a positive regulatory decision on the project’s environmental assessment by the Government of Canada.
The project received an Environmental Certificate from the provincial government in November 2014. The certificate included eight conditions, which Pacific NorthWest LNG has committed to fulfilling.
The Canadian Environmental Assessment Agency (CEAA) is currently reviewing the project’s environmental assessment application and is expected to make a decision in 2015.
Construction would not begin until the project has received an environmental certificate from both the provincial and federal governments, made a final investment decision, and obtained all necessary permits. Construction is estimated to take approximately four years, with commercial operations targeted to begin in 2020.