The Woodfibre LNG project in Squamish, British Columbia, Canada, has received a key permit from the BC Oil & Gas Commission moving it one step closer to reality
“This is a positive step forward as we work to build the cleanest LNG export facility in the world”, Woodfibre LNG president David Keane said in a statement. “This permit specifies requirements the project must comply with for design, construction and operation, with a focus on public and environmental safety.”
Being developed by Woodfibre LNG Ltd, a subsidiary of Pacific Oil & Gas, the small-scale LNG processing and export facility will have two trains with a nameplate capacity of 2.1 mta and floating storage capacity of 250,000 m3.
“This permit is a large piece of our puzzle, and with it in place, we are working towards a final decision to proceed with this project,” said Mr Keane.
The facility is being developed at an estimated cost of US$1.3Bn on the site of a former paper mill, located approximately 7 km west-southwest of Squamish, British Columbia.
In June, Woodfibre LNG Export signed a binding LNG sales and purchase agreement with BP Gas Marketing Limited for the delivery of 0.75 mta of LNG over 15 years on a free on board basis, with first delivery expected in 2023.
Pacific Oil & Gas is also in discussions with BP Canada Energy Group to provide gas transportation and balancing services ensuring a reliable delivery of gas to the Woodfibre LNG export facility over the 15-year term.