Woodfibre signs HoA with CNOOC regarding potential LNG offtake
Published by David Rowlands,
Editor
LNG Industry,
The HoA concerns the potential offtake of 0.75 million tpy of LNG for a 13-year period, commencing in 2023.
Woodfibre LNG Export is the Singapore-affiliate of Woodfibre LNG Ltd – the owner of the Woodfibre LNG project. This is a planned LNG processing and export facility located at the former Woodfibre pulp mill site, approximately 7 km southwest of Squamish, British Columbia (B.C.), Canada. The project has a storage capacity of 250 000 m3 and is licensed to export approximately 2.1 million tpy of LNG for a 40-year period.
Ratnesh Bedi, President of PO&G, said: “Natural gas is recognised around the world for its role in a low carbon energy future and we are proud to have an opportunity, even in a small way, to be part of this energy transition.”
Read the article online at: https://www.lngindustry.com/liquefaction/02102018/woodfibre-signs-hoa-with-cnooc-regarding-potential-lng-offtake/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.