b'LIQUIFIED NATURAL GASlater than 2030. Jeanne dArc is a sedi- rate, it will take 80 years to extract all thecoast is a community of just under 1,000 mentary basin approximately 350 kilome- known reservoirs from the region, and themembers living on-reserve, and more tres from St. Johns with massive reservespotential for further reserves in the areaoff-reserve. Despite its physical isola-of eight trillion cubic feet of natural gas.is equally massive. Recent independenttion, the Nation boasts a nearly 100-per-Given the enormity of the opportunity2D and 3D seismic surveying commis- cent employment rate and is one of the to monetize natural gas from offshoresioned by CoilCO of Newfoundland andfastest growing communities in the prov-Newfoundland, I view our project as aLabrador found that Newfoundland hasince. Geographically, it is the closest First catalyst to develop a new low-carbonthe potential for 292.6 trillion cubic feetNation to the Jeanne dArc Basin, so it LNG export industry for Newfoundlandof offshore gas. Thats 3,500 per centonly made sense that any significant proj-and Labrador, which could operate formore than the current proven reservesects there would involve partnering with decades to come, Power says.of eight trillion cubic feet earmarkedthe Nation. for extraction. It adds up to enough The project is currently in the pre- energy for hundreds of years for bothLNG NL and Miawpukek First Nation development stage, with the companythe domestic and European markets ifformalized their partnership in September engaging Indigenous communities,extracted at a similar rate.2021, signing an equity agreement. Power conductingengineeringfeasibilityrecognizes the significance of having studies and performing preliminaryWith less than three per cent of theseMiawpukek First Nation as an equity market evaluations. LNG NL will utilizereserves extracted today, the future forpartner on such a substantial project two of the pre-existing offshore plat- the province and Indigenous Nationsinvolving a natural resource. Chief Misel forms, Hibernia and White Rose, toin the region is looking bright. WeJoes reputation was known to him before extract the gas through a proposedsee this as a catalyst for a much largerthe deal with LNG NL was signedthe interconnected pipeline, before ship- LNG industry for Newfoundland andChief has been a powerful voice for his ping it to Grassy Point on Placentia Bay,Labrador, Power says.Nation and Indigenous rights for decades. home of a future floating LNG liquifica-tion facility and export terminal. INDIGENOUS PARTICIPATION Ive known Chief Misel Joe since the mid-ThesentimentisechoedbyLNG1980s, and I admire his exemplary lead-Once completed, two million tonnesNLsIndigenouspartner,theership. Highly regarded in his own home of low-carbon LNG will be exported toMiawpukekFirstNation,ledbyprovince of Newfoundland and Labrador, Europe annually from a proven reserveChief Misel Joe. The Miawpukek Firstbut just as importantly, highly regarded of eight trillion cubic square feet. At thatNation on Newfoundlands southernacross Canada and certainly in Ottawa. A mock-up of LNG NLs export project off the coast of Newfoundland; the project is supported by Miawpukek First Nation through an equity partnershipMaking a differenceTogetherFrom water to wire, together we create clean, renewable energy for a brighter future.voith.comAboriginal BUSINESS REPORT17'