A review of the Fee, Levy and Security Regulation (FLSR) has resulted in changes to levy rates for three major projects.
DATE ISSUED: March 29, 2023
EFFECTIVE DATE: Immediately
The Oil and Gas Activities Act allows the British Columbia Energy Regulator to set and collect fees, levies and securities required to meet its regulatory obligations and recover expenses. Current fees, levies and security requirements are set out in the Fee, Levy and Security Regulation (FLSR).
A review has resulted in changes to the FLSR that take effect immediately.
The new levy rates are set out as follows:
- LNG Class C Facility Levy for Woodfibre LNG Project: The Woodfibre LNG Project, which is approaching the construction phase, has not previously been subject to a levy. A new levy of $900,000 is set.
- LNG Class C Facility Levy for LNG Canada Project: The levy for the LNG Canada Project is reduced from $1.1 million to $900,000.
- Pipeline Permit Holders Levy for Coastal GasLink Pipeline Project: The levy for the Coastal GasLink Pipeline Project is reduced from $2,650 per km to $1,700 per km.
If you have any questions regarding this Information Update, please contact:
Joel Cave
Executive Director, Finance and Administration
BC Energy Regulator
250-419-4412