Canadian gas developer, Woodfibre LNG has issued a Notice to Proceed to prime contractor, McDermott International.
This allows McDermott to begin the work required to move the project toward major construction commencement in 2023.
Woodfibre said that it expected to reach substantial completion in 2027.
Powered by renewable hydro-electricity, Woodfibre LNG will be the world’s lowest-emission LNG export facility, the company claimed.
When shipped to Asia, where it will replace coal-fired electricity, the Woodfibre produced LNG will reduce 3.5 mill tonnes of CO2e per year, equivalent to 5% of British Columbia’s annual emissions.
Woodfibre LNG is a Canadian subsidiary of Pacific Energy based in Singapore. The project is approved and regulated by the Canadian and British Columbia Governments and by the indigenous Squamish Nation.
