This morning the Kwanlin Dun First Nation and our parent, the Yukon Development Corporation, signed an agreement that provides important investment opportunities for the First Nation regarding our natural gas product.
Under the agreement, Kwanlin Dun will have the chance to invest up to 50 percent of the value of the project, and to invest in any subsequent phases of the initiative.
This is part of a broader Project Cooperation Agreement that Yukon Energy and the First Nation signed last year. Through that agreement, the Firist Nation benefitted from the LNG project through a clearing contract and via their partnership with the winning bidder of the civil contract. Kwanlin Dun also has first rights to access our LNG supply chain to develop a wholesale/retail business to supply local transportation and heating markets.
You can read more about today's signing here.
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