See all articles

Woodfibre LNG gets approval for more exports

Canada's National Energy Board extends British Columbia project's  maximum term to 40 years

The Woodfibre liquefied natural gas export project in British Columbia has been licensed to ship 2.1 million tonnes per annum for a term of 40 years, 15 years longer than originally permitted.

Canada's National Energy Board ruled the shipments would be "surplus" to Canadian needs and could accommodate an increase in demand.

The C$1.6 billion ($1.2 billion) project received its 25-year licence December 2013, but regulatory changes in 2015 increased the maximum term to 40 years.

Parent company Pacific Oil & Gas expects to begin construction on the project, which is expected to be Canada’s first West Coast LNG facility, this year. Start-up is expected in 2020.