This is bunker fuel in the Fraser, not Kitimat
Fortis (TSX: FTS) is the listed parent. FortisBC is the B.C. utility. On July 31 Fortis said the province had approved moving ahead with Tilbury Phase 1B, about $2 billion of regulated investment at the existing LNG plant in Delta. Pipeline & Gas Journal wrote the same week that an order in council on July 24 exempted the project from a Certificate of Public Convenience and Necessity under the Utilities Commission Act. Journal of Commerce followed in August with the construction calendar: pour money in 2027, marine jetty still in design, Phase 2 storage and more liquefaction in a separate file.
FortisBC CEO Roger Dall'Antonia called it a milestone for marine fueling and a partnership with Musqueam. The company says construction could start as early as 2027, with in-service as early as 2031. Other permits are still outstanding. During the build, FortisBC talks about 1,100 jobs a year over four years. Those are project estimates, not a payroll.
Do not confuse the docks
Tilbury is a utility LNG plant on the South Fraser aimed at ships in Vancouver harbour. LNG Canada is an export plant in Kitimat. Cedar and Woodfibre are other B.C. export stories. A bunker cargo in the port is not a 14-million-tonne Asia cargo. Keep them in separate paragraphs.
Phase 2 would add a 142,400-cubic-metre tank and more liquefaction, up to about 2.5 million tonnes a year in some write-ups. The environmental assessment office was still working through comments in late July. That file can slip.
Neutral read
FTS is on the listed utilities list. An order in council is political cover, not a weld. 2031 is a long time. Watch the remaining permits, the Musqueam agreements, and whether 2027 actually sees a shovel. Until then, $2 billion is a regulated-capex slide sitting next to a working small plant, not a new LNG Canada.