Five First Nations have agreed to invest up to $1 billion for a majority equity stake in a storage tank facility planned for the LNG Canada export terminal in British Columbia.
The transaction is contingent on the project's co-owners making a final investment decision later this year regarding the expansion of the Kitimat terminal.
The deal underscores the growing role of Indigenous capital in Canada's energy infrastructure, providing critical financial backing for a project that remains in the planning stages.
While the storage tank is a key component of the expansion, the broader terminal upgrade has yet to receive the green light from the consortium, which includes major international energy firms.
This development aligns with the Canadian government's broader strategy to significantly increase liquef natural gas production.
Prime Minister Mark Carney has previously endorsed a C$45 billion pipeline project aimed at tripling the country's LNG output over the next decade, highlighting the political and economic priority placed on expanding export capacity.
The investment comes as Canada seeks to diversify its energy exports and strengthen its position in the global LNG market.