Woodfibre LNG gets plant permit, expect construction this summer
Woodfibre LNG, a unit of Pacific Oil & Gas (PO&G), has been granted the facility permit from the BC Oil and Gas Commission, allowing for the start of construction.
Following the permit, the company’s president David Keane said this is one of the key permits required for construction and operation of the project.
“This permit specifies requirements the project must comply with for design, construction and operation of the Woodfibre LNG Project, with a focus on public and environmental safety,” Keane said.
The project has previously received three environmental assessment approvals with Kean adding that is is now advancing towards a final decision to proceed this summer.
The Woodfibre LNG project is located approximately 7 km west-southwest of Squamish, British Columbia. It involves the construction and operation of a liquefied natural gas (LNG) export facility on the previous Woodfibre pulp mill site, which would have a storage capacity of 250,000 cubic meters and would produce approximately 2.1 million tonnes per year of LNG.
The project has recently signed a deal with BP, making the latter its foundation buyer, agreeing to buy 0.75 million tonnes per annum (MTPA) of LNG over 15 years on a free on board (FOB) basis, with first delivery expected in 2023.