Canada’s National Energy Board (NEB) has granted a 40-year export license for the Woodfibre LNG project, in Squamish, British Columbia.
According to Woodfibre LNG’s statement, the export license is subject to Governor in Council approval.
In its decision, the NEB found that the quantity of natural gas proposed to be exported by the Woodfibre LNG project, for a term of 40 years, is surplus to Canadian needs, and can accommodate a plausible increase.
The project initially received a 25-year license to export approximately 2.1 million tons of LNG per year in December 2013, however, amendments to NEB regulations in 2015 increased the maximum term to 40 years.
Woodfibre LNG filed an application for a 40-year export license at the beginning of February.
All of the commitments Woodfibre LNG made in its environmental assessment certificate application, and the regulatory conditions, plans and permits required for construction and operation of the Woodfibre LNG project will remain in effect for the life of the project.
The Woodfibre LNG project is located approximately 7 km west-southwest of Squamish, British Columbia.
Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, the parent company of Woodfibre LNG reached the final investment decision for the project in November 2016.
The project involves construction and operation of an LNG export facility on the previous Woodfibre pulp mill site, which would have a storage capacity of 250,000-cbm.
LNG World News Staff