Prince George, BC – The Provincial Government has announced its approving almost $116-million dollars in royalty credits to allow for 12 new infrastructure projects in northeast BC…

The Ministry of Natural Gas Development says the majority of projects will be built across a wide area north of Fort St. John, specifically in the Montney play.  

The ministry says it is one of the province’s most promising and growing resource areas and the credits will support the construction of new resource roads and pipelines which will help the advancement of the liquefied natural gas industry.  Officials say drilling operations will also increase as a result, generating new royalty revenue for the government and, five years from now, the 2013 royalty credits are expected to generate revenues of about $445-million for the Province.

This is the 12th installment of the BC royalty program.  To date, the program has supported the development of 78 resource roads and 140 pipeline projects since the first installment in 2004.  According to the government, the projects account for more than $1.9-billion in capital investment and more than $6-billion in private sector drilling.