B.C. company pressures feds to pave way for $750M gas export facility in Prince Rupert
A significant British Columbia exporter has recently unveiled plans to invest $750 million in a new liquefied petroleum gas (LPG) export facility in Prince Rupert, B.C. However, the project is facing legal challenges from the Port of Prince Rupert, which must be resolved before moving forward.
Rob Booker, the CEO of Trigon Pacific Terminals, is advocating for the federal government to expedite the approval process for the project. He argues that amidst a trade war with the United States, Canada needs to explore new markets for its oil products. The proposed facility, which could be operational by 2029, aims to target markets in Japan, South Korea, and India rather than the United States. With an annual capacity of 2.5 million tonnes, the project aligns with federal priorities for Canadian energy security and export diversification.
Trigon, currently operating the largest export terminal at the Port of Prince Rupert, primarily focuses on metallurgical coal but is looking to expand into liquefied gas and other products for international markets. The project has garnered support from the Lax Kw’alaams and Metlakatla First Nations, as well as the Alberta government, a significant producer of Canada’s petroleum.
Despite regulatory obstacles, Trigon is also embroiled in a legal dispute with the Port of Prince Rupert. The port has an exclusivity agreement with AltaGas and Vopak, who are developing their own $1.35 billion export facility in Prince Rupert. Trigon’s lawsuit against the port challenges this exclusivity arrangement, while the port has countersued, citing reputational damage and potential impact on future partnerships.
The federal government has not yet commented on the project, but recent legislation introduced by Prime Minister Mark Carney aims to expedite major projects deemed to be in the national interest. Criteria include the project’s likelihood of success, benefits to Indigenous communities, and contribution to economic growth in an environmentally responsible manner. However, environmental groups have raised concerns about using external threats as justification for pushing through projects that may have adverse environmental impacts.
Notably, Canada’s emissions have seen a slight decrease, offset by rising emissions from oil and gas production. With wildfires exacerbating due to climate change, the need for responsible energy projects is paramount. The balance between economic development and environmental stewardship remains a critical issue as Canada navigates its energy future.
