Which five First Nations are involved in the LNG Canada Phase 2 storage tank equity option, and what is the maximum investment amount they can make?

The news does not name the specific five First Nations; it only states that their economic development organizations collectively form MNT Investments — a limited partnership — which would have the option to invest up to C$1 billion ($710.78 million) to acquire a majority stake in a special purpose entity for the planned storage tank.

What is the role of the special purpose entity and how will the storage tank be used in LNG Canada’s Phase 2 expansion?

Under the agreement, the special purpose entity — in which MNT Investments may acquire a majority stake — would finance and own the 225,000-cubic-metre storage tank and lease it back to LNG Canada for the operational life of the project, while LNG Canada retains responsibility for operating and maintaining the facility and associated infrastructure.

LNG Canada Offers Five First Nations Option to Invest Up to C$1 Billion in Phase 2 Storage Tank

Jul 14, 2026

LNG Canada offers five First Nations an option to invest up to C$1 billion in a Phase 2 storage tank. The deal supports the facility's expansion to 30 million tonnes per annum and strengthens indigenous partnerships within the energy sector.

reuters

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