BRITISH COLUMBIA

ExxonMobile Canada Ltd. is the newest member of British Columbia LNG Alliance

11/19/2014 08:34 EST | Updated 01/19/2015 05:59 EST
VANCOUVER - An international energy giant has joined an alliance of companies that is promoting the development of a liquefied natural gas industry in northern British Columbia.

ExxonMobile Canada Ltd., a subsidiary of U.S.-based energy giant Exxon Mobil Corp., says it has joined the British Columbia LNG Alliance.

Current members include key international players like Chevron Canada, Shell Canada Energy, PETRONAS, and PetroleumBRUNEI.

The alliance says ExxonMobile has a licence to export as much as 30 million tonnes of LNG annually and the company has entered an option agreement with the City of Prince Rupert for a site at Tuck Inlet.

ExxonMobile says it's the world's largest publicly traded oil and gas company, and spokesman Richard Guerrant says it's looking forward to working with government to develop a world-class LNG in Canada's west.

In October, the provincial government dropped its proposed goal of a seven per cent income tax on the province's liquefied natural gas industry to 3.5 per cent for the next two decades.