AmericasContracts and Tenders

Canada’s Woodfibre LNG says inks second supply deal with BP

By LNG Prime Staff
Canada's Woodfibre LNG says inks second supply deal with BP
For illustration only (Image: Woodfibre LNG)

Canada’s Woodfibre LNG, a unit of Pacific Oil & Gas, said Thursday it signed a second supply deal with a subsidiary of energy giant BP for volumes from its planned export plant in British Columbia.

Under the terms of the sales and purchase 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 said in a statement.

“Forward-looking companies like BP are turning to projects like ours for sustainable, stable gas that will supply a clean energy mix,” said Ratnesh Bedi, president of Pacific Oil & Gas.

Singapore-based Pacific Oil & Gas is a part of the RGE group of companies.

The firm’s unit Woodfibre plans to build the 2.1 mtpa LNG terminal and associated facilities west-southwest of Squamish, British Columbia, on its previous pulp mill site.

In addition, the facility would have a storage capacity of 250,000 cbm and use renewable hydroelectricity, according to Woodfibre.

Woodfibre 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. The project has a price tag of about $1.5 billion.

Most Popular

LNG Terminals

Excelerate’s FSRU arrives in Germany

Excelerate’s 138,000-cbm FSRU Excelsior has finally arrived in Germany, where it will start serving DET's second LNG import terminal in Wilhelmshaven.
LNG Terminals

Woodside assessing tariff impact on Louisiana LNG

Australian LNG player Woodside is assessing the impact of recent US tariffs and other trade measures on its Louisiana LNG project, according to Woodside CEO Meg O’Neill.
LNG Terminals

Chevron: production at first Wheatstone LNG train reduced due to maintenance

Production at the first liquefaction train of Chevron's Wheatstone LNG plant near Onslow has been reduced due to maintenance, a Chevron Australia spokesperson told LNG Prime on Tuesday.

More News Like This

LNG Terminals

BP, partners ship first Tortue LNG cargo

UK-based energy giant BP and its partners have shipped the first liquefied natural gas (LNG) cargo produced at the Greater Tortue Ahmeyim FLNG project, located offshore Mauritania and Senegal, according to shipping data.
LNG Terminals

Venture Global launches Calcasieu Pass LNG commercial ops

US LNG exporter Venture Global LNG has launched commercial operations at its Calcasieu Pass LNG terminal in Louisiana, some 68 months from its final investment decision and 38 months after production start.
LNG Terminals

BP launches production at Cypre gas project in Trinidad and Tobago

BP's Cypre development, located offshore Trinidad and Tobago, has delivered its first gas. The Cypre gas field is located 78...
LNG Terminals

Canada’s Woodfibre LNG to start taking module deliveries in summer

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, has almost completed the marine offloading facility at the site of its LNG export facility near Squamish, British Columbia, paving the way for the arrival of preassembled modules from China starting this summer.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA