TransCanada has received the last two out of ten permissions from British Columbia Oil and Gas Commission for Coastal GasLink Pipeline project.
With the last two approvals being received, the construction and operation of the proposed pipeline can now begin.
Out of the total ten permits received, eight permits are related to pipeline and two permits are related to the pipeline facilities including a natural gas compressor station and meter station in Groundbirch and a natural gas metering station in Kitimat.
Each of these ten permits has up to 70 conditions, which will govern the implementation of the project.
TransCanada president and CEO Russ Girling said: "This is a significant regulatory milestone for our project, which is a key component of TransCanada’s growth plan that includes more than $13 billion in proposed natural gas pipeline projects which support the emerging liquefied natural gas industry on the British Columbia Coast.
"Acquiring these 10 permits demonstrates our commitment in developing this project to the highest standards of environmental protection while delivering benefits to British Columbians and Canadians for decades to come."
Environmental Assessment Certificate from British Columbia Environmental Assessment Office for the project was received in 2014.
The pipeline will connect to the proposed LNG Canada natural gas liquefaction and export facility near Kitimat.
The final investment decision needs to be taken by the joint venture partners of LNG Canada, which is expected by late 2016, while the construction of the project is scheduled to begin in 2017.
TransCanada says that the project which will cost $4.8bn can bring in long-term economic benefits to Canada and British Columbia, particularly to the Aboriginal communities.
Out of the total capital investment, about 32% of it will be spent locally in British Columbia and will create over 2,000 jobs during the construction phase.