Canadian Prime Minister Mark Carney has followed through on his commitment to support Canada's oil and gas sector.
In a bold push for economic sovereignty, Carney on Thursday endorsed the Indigenous-owned Ksi Lisims LNG project as a cornerstone of Canada's fast-tracked nation-building efforts.
Carney hailed the $10-billion initiative as transformational, joining a select list of infrastructure priorities aimed at creating tens of thousands of jobs and diversifying exports amid U.S. tariff threats.
The Ksi Lisims LNG project is a proposed floating liquefied natural gas (LNG) export terminal on Pearse Island, owned by the Nisga’a Nation in partnership with Western LNG and Rockies LNG.
Located at Wil Milit near the Nass River estuary, it will process up to 22.4 billion cubic meters of low-carbon LNG annually—equivalent to 12 million tonnes—powered largely by B.C. hydropower for minimal emissions.
Fed by the 900-km Prince Rupert Gas Transmission pipeline, the facility will target Asian markets with shorter shipping routes, potentially operational by 2028.
Carney's office projects significant revenue from the project. A number of other major projects were announced across Canada, including mining ventures.