trending Market Intelligence /marketintelligence/en/news-insights/trending/efgrwm41tf7qxk0lc0zk0a2 content esgSubNav
In This List

Steelhead files project plans for 'new model' of LNG export venture


Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings


S&P Capital IQ Pro | Powered by Expert Insights


Insight Weekly: LNG exports surge; investors unfazed by inflation; neobanks drive VC funding

451 Research Podcast

Next in Tech | Episode 41: IoT's Role in Energy and Utilities

Steelhead files project plans for 'new model' of LNG export venture

Steelhead LNG filed a project description for its planned Kwispaa LNG export terminal to British Columbia and federal agencies, a milestone for a company that shelved a previous export venture.

The description provided the provincial Environmental Assessment Office and the Canadian Environmental Assessment Agency an overview of the export project, which is being jointly developed by Steelhead LNG and Huu-ay-aht First Nations.

The Kwispaa LNG project is a proposed floating facility that would be in a natural deepwater harbor southwest of Port Alberni on Vancouver Island, constructed on land owned by the Huu-ay-aht. The 475-hectare site is near an open ocean for ease of access to markets. Steelhead recently signed a front-end engineering and design contract for part of the project.

"We at Huu-ay-aht believe Kwispaa LNG represents a new model for economic success on significant projects in Canada," Huu-ay-aht Councillor and Alberni-Clayoquot Regional District Chairperson John Jack said in a joint news release. "This project will create meaningful revenues, jobs, and business opportunities for Huu-ay-aht citizens and our neighboring communities, as well as generate ongoing tax revenue at a local, provincial, and federal level."

Steelhead LNG is a Vancouver-based energy company focused on developing Kwispaa LNG.