Woodfire LNG Announces Its Third Sales Deal With BP
September 05 2023 - 9:05AM
Dow Jones News
By Robb M. Stewart
Pacific Energy and Enbridge's Woodfibre liquefied natural gas
export facility has now committed all of its future production to
an indirect subsidiary of BP, with a firm offtake covering 1.95
million metric tons a year and the remainder on a flexible
basis.
Woodfibre LNG, which is 70% owned by Singapore-based RGE's
Pacific Energy and 30% by Canada's Enbridge, said Tuesday that it
signed a third LNG sales and purchase agreement with BP Gas
Marketing for the delivery of fuel from the British Columbia export
facility covering an additional 0.45 million tons a year of LNG
over 15 years.
Woodfibre LNG is scheduled to begin construction in September on
the site of the former Woodfibre pulp mill, with operations set to
start in 2027. The operation will source natural gas from Pacific
Canbriam Energy, a Canadian company with operations in northeastern
British Columbia.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
September 05, 2023 09:50 ET (13:50 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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