Canada’s Woodfibre LNG gets new president

Canada’s Woodfibre LNG, a unit of Pacific Energy, said it has appointed Christine Kennedy as the new company president.

Kennedy replaces former president David Keane, who retired in 2020. The appointment is effective November 8, according to a Woodfibre LNG statement.

“We are fortunate to have a top-tier team working on this project as we complete our pre-construction requirements,” said Ratnesh Bedi, president of Singapore-based Pacific Energy, previously known as Pacific Oil & Gas.

“Christine is the ideal person to lead this team. The diversity of her experience: her deep understanding of the resource sector, her sterling reputation in the market and her track record within government, is a special combination,” he said.

Prior to joining Woodfibre LNG, Kennedy held senior roles in the provincial government and the forest products and renewable energy sectors.

She was recently the Deputy Minister of Jobs, Economic Development and Competitiveness and previously the Associate Deputy Minister in British Columbia’s Office of the Premier, according to Woodfibre LNG.

LNG project with BP deal

The firm is developing the Woodfibre LNG project located about 7 km west-southwest of Squamish, British Columbia. It plans to build the 2.1 mtpa LNG terminal and associated facilities on its previous pulp mill site.

Earlier this year, Woodfibre LNG signed a second supply deal with a subsidiary of energy giant BP for volumes from its planned export plant.

Under the deal, BP Gas Marketing will receive 0.75 million tonnes per annum of LNG over 15 years on a free on board (FOB) basis.

This latest deal will increase BP’s total LNG offtake to 1.5 MTPA, over 70 percent of Woodfibre’s future annual production, the firm previously said.

Woodfibre LNG has last year postponed the final investment decision on the project due to the Covid-19 pandemic.

The developer said then it could start building the facility in 2021 in order to produce first LNG in 2025.

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