A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. A British Columbia First Nations group says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. THE CANADIAN PRESS/Robin Rowland

A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. A British Columbia First Nations group says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. THE CANADIAN PRESS/Robin Rowland

First Nations group criticizes Woodside Petroleum’s move to sell Kitimat LNG stake

First Nations Limited Partnership says decision to sell is a threat to its commercial interests

A British Columbia First Nations coalition says it’s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development.

Woodside Petroleum Ltd., an Australian company, says it plans sell its 50 per cent stake in the 480-kilometre Pacific Trail Pipeline and the proposed LNG facility at Bish Cove.

The First Nations Limited Partnership, which represents 16 First Nations in northern B.C., says the decision to sell is both disappointing and poses a threat to its members’ commercial interests.

Woodside’s announcement comes after Chevron Canada Ltd., the operator of the project, said earlier this year that it would stop funding further feasibility work on the project.

The company put its interest up for sale in December 2019, but has failed to find a buyer.

A Woodside spokeswoman said in a statement that the company had worked hard to try to find a mutually acceptable solution, and had not “arrived at this decision lightly.”

They added that the company still believes the Kitimat LNG project is well-positioned to supply gas to Asian markets.

Mark Podlasly, the partnership’s chair, said he believes the energy project has national benefits and the latest news hurts the group’s members.

“We are incredibly disappointed by this setback. The (First Nations Limited Partnership) stands ready to support the right buyers who will treat us as a genuine partner and recognize the unique value we can bring to the table,” he said.

Woodside says it will keep a position in the Liard Basin upstream gas resource.

At one time, about 20 LNG terminals were proposed for the West Coast, but the $40-billion LNG Canada project headed by Shell Canada is the only one to reach the construction stage.

Woodside acting CEO Meg O’Neill said the decision to sell will allow the company to focus on higher-value opportunities in Australia and Senegal.

—Nick Wells, The Canadian Press

RELATED: Woodside follows Chevron and bails on Kitimat LNG project

FinanceLNGoil and gas

Just Posted

Black Press file photo
RCMP seek suspect in Vancouver Island-wide crime spree

Crimes stretched from Deep Bay to Qualicum, Ladysmith, Chemainus and Youbou

Things are looking up for Vancouver Island as zero COVID-19 cases have been reported for the first time since October. THE CANADIAN PRESS/Darryl Dyck
Island records zero new COVID-19 cases for the first time since October

For the first time since October, the province is reporting zero new… Continue reading

The remains of the Mid-Island Co-op in Whiskey Creek along the Alberni Highway on Friday, June 18, after a blaze the day before devastated the gas station. (Michael Briones photo)
VIDEO: Whiskey Creek gas station destroyed by fire after camper van explosion

Nine fire departments responded to the incident, no injuries reported

New Vancouver Island University chancellor Judith Sayers was sworn in at a virtual ceremony June 17. (Submitted photo)
VIU’s new chancellor seeks innovation and equality in post-secondary education

Judith Sayers officially sworn in as Vancouver Island University chancellor

A small pod of Pacific white-sided dolphins pass by close to shore in Campbell River June 16, 2021. Still capture from video courtesy of Kimberly Hart
VIDEO: Dolphin sunset captured from Vancouver Island shore

Spectacular setting for view of travelling pod of Pacific white-sided dolphins

Bruce Springsteen performs at the 13th annual Stand Up For Heroes benefit concert in support of the Bob Woodruff Foundation in New York on Nov. 4, 2019. (Greg Allen/Invision/AP)
Canadians who got AstraZeneca shot can now see ‘Springsteen on Broadway’

B.C. mayor David Screech who received his second AstraZeneca dose last week can now attend the show

New research suggests wolves can be steered away from the endangered caribou herds they prey on by making the man-made trails they use to hunt harder to move along. THE CANADIAN PRESS/Nathan Denette
Culling cutlines, not B.C. wolves, key to preserving caribou herds: researcher

The government has turned to killing hundreds of wolves in an effort to keep caribou around

Gary Abbott (left) and Louis De Jaeger were two of the organizers for the 2014 Spirit of the People Powwow in Chilliwack. Monday, June 21, 2021 is Indigenous Peoples Day. (Jenna Hauck/ Chilliwack Progress file)
Unofficial holidays: Here’s what people are celebrating for the week of June 20 to 26

Indigenous Peoples Day, Take Your Dog to Work Day, Onion Rings Day all coming up this week

Gwen Spencer Hethey with her uncle and mentor Major Frederick Richardson. (Courtesy of Greater Victoria Sports Hall of Fame)
‘She was a killer’: The B.C. woman who pioneered female sharpshooting

Gwen Spencer Hethey made military men ‘look like turkeys’ says her son

Central Okanagan Grade 12 grads are set to get $500 each after a more than $1 million donation from a Kelowna couple. (File photo)
B.C. couple donating $500 to every Grade 12 student in the Okanagan

Anonymous donors identified as Kelowna entrepreneurs Lance and Tammy Torgerson

Rita Coolidge played the main stage at Vancouver Island Musicfest in 2017. (Black Press file photo)
This year’s Vancouver Island MusicFest to virtually showcase beauty of Comox Valley

Returning July 9 through 11 with more than 25 hours of music performances

British Columbia’s premier says he’s received a second dose of the Oxford-AstraZeneca COVID-19 vaccine. (Twitter/John Horgan)
B.C. premier gets 2nd dose of AstraZeneca COVID-19 vaccine

John Horgan shared a photo of himself on social media Friday afternoon holding a completed vaccination card

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Most Read