First Nation and Steelhead LNG sign deal for floating LNG facility

Steelhead LNG and the Malahat First Nation have inked a Mutual Benefits Agreement and long-term lease for... 

Map showing Mill Bay region on Vancouver Island | Photo: Google Maps

Steelhead LNG and the Malahat First Nation have inked a Mutual Benefits Agreement and long-term lease for a floating LNG facility along the shoreline just south of Mill Bay on Vancouver Island.

Steelhead LNG said in a press release that the project will create “employment opportunities” for Malahat Nation, which has 319 members, and will include up to 30 years of revenue generation “along with the creation of up to 200 high-paying long-term positions once the facility is operational.”

The release also stated the project would create hundreds of additional direct and indirect jobs all over Vancouver Island in a multitude of sectors such as design and training. The area allocated for the proposed project was a cement manufacturing facility for more than 100 years and is currently a rock quarry.

The land is part of a 525-hectare parcel the Malahat recently acquired which tripled the size of their Nation, and was one of the largest Aboriginal land purchases in B.C. history.