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B.C. Forecasts Increased Natural Gas Revenue Amid Declining Forestry Industry

NATURAL GAS

The B.C. government forecasts natural gas royalties of nearly $1.3 billion for the fiscal year ending March 31, 2027, marking a 38% increase, while anticipating forestry revenue at $521 million, up 3% but significantly lower than previous years. A record provincial deficit of $13.3 billion is projected, widening from $9.6 billion this year.

The budget introduces a Stumpage Payment Deferral Program to alleviate challenges in the forestry sector, which faces high U.S. tariffs. Positive prospects are noted for LNG, with Shell-led LNG Canada exporting from Kitimat and several projects under construction, supported by government initiatives to expedite energy developments.

B.C. Forecasts Increased Natural Gas Revenue Amid Declining Forestry Industry
Feb 19, 2026, 6:10 AM

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