Woodfibre LNG signs second sales agreement with BP Gas Marketing Ltd

Woodfibre LNG signs second sales agreement with BP Gas Marketing Ltd

07 May 2021

Woodfibre LNG has signed a second LNG Sales and Purchase Agreement with BP Gas Marketing Limited (BPGM), a wholly-owned indirect subsidiary of BP Plc, for the delivery of liquefied natural gas from Woodfibre LNG export facility near Squamish, British Columbia.

Under the terms of the agreement, BPGM will receive 0.75m tonnes per annum (MTPA) of LNG over 15 years on a free on board (FOB) basis. This latest agreement will increase BPGM’s total LNG off-take to 1.5 MTPA, over 70% of Woodfibre LNG’s future annual production.

The Woodfibre LNG project is located approximately 7km west-southwest of Squamish, British Columbia. It involves the construction and operation of an LNG export facility on the previous Woodfibre pulp mill site. The facility would have a storage capacity of 250,000 sq m and will produce approximately 2.1 (MTPA) of LNG.

Woodfibre LNG is a privately held Canadian company based in Vancouver and Squamish, and is a subsidiary of Pacific Oil & Gas Limited.

Read more from Industry News
Oil prices climb as uncertainty mounts over fate of Iran sanctions
Read More
ExxonMobil planning to cut US office jobs by up to 10% annually
Read More
Shell and BP announce start-up of Gulf of Mexico development
Read More

Newsletter Sign Up

As a non-member, you can sign up for the EICOnline weekly bulletin free of charge. EIC Online delivers industry news direct to your mailbox. Subscribe here for the EIC’s free weekly newsletter.

First Name
Last Name
Company Name
Work Email
Job Title
Areas of Interest