Feasibilty study underway for LNG plant in Prince Rupert

This is at the earliest possible stage of development but a UK company, The BG Group, is in talks with Prince Rupert Port Authority regarding the potential for a LNG export facility in Prince Rupert. This project would utilise the exisitng port improvements as well as the proposed rail and road improvements to Ridley Island. The BG Group is the world's second largest LNG company behind Shell and has operations in 25 countries.

Prince Rupert CEO bullish about future

Don Krusel, CEO of Prince Rupert Port Authority is publicly expressing enormous confidence in Prince Rupert's future. During a press call where it was revealed that their was an 18% rise in shipments during 2011, Mr Krusel said, "In my mind the only thing standing in the way of another record breaking year and more growth in the future is if there is a meltdown in the global economy. The Port of Prince Rupert and the community of Prince Rupert can expect an exciting year in 2012 and many exciting years ahead."
This is a further example of the increased confidence in Prince Rupert that has led to a sharp increase in real estate activity since the start of 2012. We are still just about clinging to the coat-tails of a buyers' market but by this summer the power in the marketplace is forecast to swing in favour of sellers.