Five B.C. First Nations are set to become part-owners of a key piece of LNG Canada’s Phase 2 expansion under a landmark agreement that could strengthen Indigenous participation in Canada’s energy future.
Through MNT Investments, the nations would invest in a $1 billion liquefied natural gas storage tank—expected to be the largest in Canada—and lease it back to LNG Canada for the life of the project. The company would continue to operate and maintain the facility.
The agreement will move forward only if LNG Canada approves its Phase 2 expansion, with a final investment decision expected by the end of 2026.
The five participating Nations—Gitga’at, Gitxaała, Haisla, Kitselas, and Kitsumkalum—say the partnership represents a historic step toward greater Indigenous ownership in major infrastructure projects. If approved, Phase 2 would increase LNG Canada’s production capacity by 30 million tonnes per year, building on the facility’s successful operations since 2025.
(Source: Peace Arch TV)
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