BC Natural Gas Tax Credit rules updated: new LNG Canada feedstock inlets designated and volume calculation language clarified

Plain-language summary · AI-assisted

The Natural Gas Tax Credit Regulation has been amended in three ways. First, two meter stations — the Wilde Lake Compressor Station and the Willow Valley Interconnect — are formally designated as feedstock pipeline inlets for the LNG Canada facility (BCLN3165257). Second, the language used to calculate the 'adjusted LNG facility inlet volume' is updated from 'deemed to have been purchased' to 'notionally acquired,' aligning the wording with the Act. Third, minor phrasing adjustments clarify when natural gas volumes are counted in the 'LNG facility inlet volume' formula. Operators of the LNG Canada facility and their tax and compliance teams should review how these inlet designations and revised volume definitions affect their natural gas tax credit calculations.

Who this affects
LNG Canada facility operators · natural gas producers supplying LNG Canada · corporate tax and compliance teams at LNG facilities · energy sector accountants and advisors