Five First Nations secure investment stake in LNG Canada's $1 billion storage tank

Five northwestern B.C. First Nations have struck a historic deal to invest directly in LNG Canada's proposed Phase 2 expansion at Kitimat, securing ownership of a massive $1 billion storage tank.

The Gitga'at First Nation, Gitxaała Nation, Haisla Nation, Kitselas First Nation, and Kitsumkalum—all neighbours to LNG Canada's existing operations—will form MNT Investments to purchase the 225,000-square-metre nickel alloy steel tank, which would become the largest in Canada. The First Nations will then lease it back to LNG Canada for the operational life of the project, while the company remains responsible for maintaining and operating it.

The deal provides direct ownership of a major asset within the LNG Canada operation and will only proceed if Phase 2 wins regulatory approval. The final investment decision is expected by the end of 2026. Phase 2 would increase plant capacity by 30 million tonnes per year, building on the original facility that began shipping in June 2025 and has already sent more than 100 loads to market.

"This partnership with LNG Canada aligns with our values, and together with our neighbouring Nations, we are showing what is possible when First Nations leadership, industry and governments work together with a shared vision grounded in consent, respect and partnership," said Clarence Innes of the Gitxaała Nation.