Woodfibre LNG to Move Forward With $1.6 B Project

Woodfibre LNG, a Canadian subsidiary of Singapore’s Pacific Oil & Gas Ltd., is finalizing the engineering, procurement and construction contract for their $1.6 billion LNG export facility in Squamish, British Columbia. This will be the second LNG export project to break ground on Canada’s West Coast.

“Our senior management have been actively involved, and once we sign our EPC contract the next phase is moving into active construction,” said David Keane, President of Woodfibre. The remaining contracts will tie up final details for the project, which has already finalized an impact-benefits agreement with the Squamish First Nation, received permits from the B.C. Oil & Gas Commission, and received permissions from the federal government to avoid punitive steel tariffs. 

When completed, the facility will export 2.1 million tonnes of LNG per year to the Asian Market – the company is currently negotiating with China National Offshore Oil Corp (CNOOC).

It’s expected to use gas from the Canbriam Energy upstream facility, which was bought by Pacific Oil & Gas last May and produces 200 million cubic feet of natural gas per day and 6,000 barrels per day of associated gas liquids.

Image credit: Woodfibre LNG
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