Woodfibre LNG Commits to Build B.C. LNG Export Terminal
The Globe and Mail reports that Woodfibre LNG announced that it is moving forward with its proposed LNG export terminal near Squamish, 65 kilometers north of Vancouver, British Columbia (B.C.). Byng Giraud, Woodfibre LNG’s country manager, is quoted as saying “[w]e commit today to build this project, a project that is right for Squamish and right for B.C.” According to the article, Woodfibre LNG is privately owned by Singapore-based RGE Pte. Ltd., and controlled by Indonesian businessman Sukanto Tanoto. The board of directors at Pacific Oil & Gas Ltd., which is part of RGE, approved funding for the B.C. LNG project. The project, with an annual LNG production capacity of approximately 2.1 million tonnes, is one of the smallest LNG export projects proposed for B.C. and is the first to announce plans to move forward with construction.