BP SIGNS THIRD LONG-TERM LNG DEAL WITH WOODFIBRE LNG
bp has entered third long-term liquefied natural gas (LNG) offtake contract from Woodfibre’s British Columbia LNG facility. Under the sale agreement, all LNG output from the Woodfibre LNG export facility is now committed for sale to bp.
Canadian LNG supply source further expands bp’s LNG portfolio, at a time when LNG plays a key role supporting the energy transition and energy security.
Woodfibre LNG is a proposed Liquefied Natural Gas (LNG) export facility currently in the pre-construction phase. Our site is near Squamish, British Columbia – midway between Vancouver and Whistler. For nearly 100 years, the site was used as pulp and paper operation, which closed in 2006.
Woodfibre LNG will source its natural gas from Pacific Canbriam Energy, a Canadian company with operations in Northeastern British Columbia.
The Woodfibre LNG facility aims to be the world’s first net-zero LNG facility by 2027, utilizing hydro-powered, electric-driven compression.
(Source: bp/Woodfibre LNG – Image : Woodfibre LNG)