Woodfibre LNG Ltd. has issued a notice to proceed to prime contractor McDermott International, beginning the work required to move the project toward starting major construction in 2023. The project will be sited about 7 km west-southwest of Squamish, BC.
The company expects to reach substantial completion of the 2.1-million tonne/year (tpy) plant in 2027. It has two offtake agreements in place with bp totaling 1.5 million tpy (OGJ Online, Nov. 23, 2021).
Powered by hydroelectricity, Woodfibre LNG will be the lowest-emission LNG plant in the world, according to parent company Pacific Energy Corp. (Canada) Ltd.
Woodfibre LNG is approved and regulated by the Canadian and British Columbia governments and by the Squamish Nation. Woodfibre LNG is the first industrial project in Canada to recognize an Indigenous people as a full project regulator (in the absence of a treaty), according to Pacific Energy.