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

Fruit farmers in the Okanagan and Creston valleys are in desperate need of cherry harvesters amid COVID-19 work shortages. (Photo: Unsplash/Abigail Miller)
‘Desperate’ need for workers at Okanagan cherry farms

Fruit farmers are worried they’ll have to abandon crops due to COVID-19 work shortages

A motorycle crash has been reported on Westside Road. (Google Maps)
UPDATE: Westside Road reopened following motorcycle crash near Vernon

AIM Roads advises drivers to expect delays due to congestion

An Armstrong family that lost their home to a fire on Wednesday still hasn’t found their cat as of Friday, June 18, 2021. (Facebook photo)
Family cat still missing, days after fire destroys Armstrong home

There were no injuries from Wednesday’s blaze, but two days later there’s still no sign of the white feline

A tent housing a mobile vaccination clinic. (Interior Health/Contributed)
Over 5K jabbed at Interior Health mobile COVID-19 vaccine clinics

The clinics have made stops in more than 40 communities since launching last week

The Coldstream cemetery, located at 7600 Howe Drive — Officials are working on a cemetery master plan and accepting public input until (District of Coldstream photo)
Input sought on future of Coldstream cemetery

Until July 2, locals can complete a survey to help guide Coldstream’s cemetery master plan

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

Earls On Top at 211 Bernard Avenue in Kelowna. (Google Maps photo)
Downtown Kelowna’s Earls ordered closed after COVID-19 transmission

Earls on Top on Bernard Avenue will be closed from June 18 to June 27

(File photo)
Penticton not holding Canada Day activities out of respect for Indigenous people

Cities across B.C. are cancelling the holiday after an increased spotlight on Canada’s dark history

Dereck Donald Sears. (Contributed/Crimestoppers)
Murder charge laid in relation to suspicious Kelowna death

Dereck Donald Sears is charged with second-degree murder in the death of Darren Middleton

Police are asking for public assistance in locating Anthony Graham who has been charged with the murders of Kamloops brothers Carlo and Erick Fryer. (RCMP photo)
2 charged, suspect at large in killings of B.C. brothers linked to gang activity: RCMP

Kamloops brothers Erick and Carlo Fryer were found deceased in May on a remote Okanagan road

Albert Health Minister Tyler Shandro and Alberta Premier Jason Kenney unveil an opening sign after speaking about the Open for Summer Plan and next steps in the COVID-19 vaccine rollout, in Edmonton, Friday, June 18, 2021. THE CANADIAN PRESS/Jason Franson
Alberta 1st province in Canada to lift all COVID-19 public health restrictions

70.2% of eligible citizens 12 and older in the province have received a dose of the vaccine

Fraser Health registered nurse Ramn Manan draws a dose of the Pfizer COVID-19 vaccine into a syringe at a walk-up vaccination clinic at Bear Creek Park, in Surrey, B.C., on Monday, May 17, 2021. THE CANADIAN PRESS/Darryl Dyck
‘Honour our fathers’ with COVID-19 vaccine protection, B.C. urges

109 new cases Friday, 75 per cent of 12 and up immunized

Most Read