Canada’s Woodfibre LNG tells McDermott to begin work on its export project

Canada’s Woodfibre LNG, a unit of Pacific Energy, said it has issued a notice to proceed to US contractor McDermott to start work on its 2.1 mtpa LNG terminal in British Columbia.

“This notice to proceed is an instruction from Woodfibre LNG to McDermott to begin the work required in order to move the project toward major construction commencement in 2023,” the company said in a statement on Thursday.

In November last year, Woodfibre LNG awarded the engineering, procurement, fabrication, and construction (EPFC) contract to McDermott.

The US firm would manage onshore construction of the facility with floating storage of about 250,000 cbm located about 7 km west-southwest of Squamish.

Woodfibre LNG said in the new statement it expects to reach substantial completion of the plant powered with renewable hydroelectricity in 2027.

The LNG terminal developer did not provide any additional information.

Woodfibre LNG has not yet announced a final investment decision on the project.

It recently said it would spend $500 million on its planned 2.1 mtpa LNG terminal this year.

Most Popular

Another steam LNG carrier sold for demolition

An NYK-managed steam liquefied natural gas (LNG) carrier has been sold for demolition, according to brokers.

Canada approves Ksi Lisims LNG project

According to a statement on Monday, Julie Dabrusin, Minister of Environment and Climate Change, issued her decision under the...

Abaxx sees significant volume growth in its LNG futures

Abaxx Commodity Futures Exchange, a wholly owned subsidiary of Abaxx Technologies (CBOE:ABXX) has seen significant volume growth in its physically deliverable LNG futures during the past summer months, according to Abaxx Exchange Chief Commercial Officer Joe Raia.

More News Like This

McDermott bags Monkey Island LNG gig

Houston-based McDermott has secured a contract from Monkey Island LNG for its planned natural gas liquefaction facility in Cameron Parish, Louisiana.

Woodfibre LNG says project cost climbs to $8.8 billion

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, now expects that the construction of its 2.1 mtpa LNG export facility near Squamish, British Columbia, will cost $8.8 billion. Woodfibre LNG initially expected the construction of the facility would cost $5.1 billion.

Inpex launches Abadi LNG FEED work

Japan's Inpex has launched the front-end engineering design (FEED) work for the Abadi LNG project in Indonesia. The contractors include Technip Energies, JGC, Saipem, Tripatra, McDermott, and Worley.

Construction moving forward on Woodfibre LNG terminal

Canada’s Woodfibre LNG, a joint venture of Pacific Energy and Enbridge, is making progress with construction work on its LNG export facility near Squamish, British Columbia.