Woodfibre LNG has signed a second LNG Sales and Purchase agreement with BP Gas Marketing Limited to deliver liquefied natural gas from Squamish.
Under the terms of the agreement, BP Gas Marketing will receive 0.75 million tonnes per annum of LNG over 15 years.
This latest agreement will increase the BC Gas Marketing’s total LNG off-take to over 70 per cent of Woodfibre LNG’s future annual production, the company said in a press release.
“WLNG has taken another step toward shipping some of the world’s cleanest LNG to Asian markets, where it can offset coal and displace millions of tonnes of greenhouse gas every year,” the company said.
A senior WLNG official, Ratnesh Bedi, said forward-looking companies like BP are turning to projects like WLNG for sustainable, stable gas that will supply a clean energy mix.
“We look forward to working with BPGM to deliver Canadian natural gas from one of the lowest carbon footprint LNG facilities in the world, and help advance the climate goals of growing economies as they phase away from coal, lower their emissions, and meet net-zero targets,” Bedi said.
Ron Bailey, president of Woodfibre LNG, said the use of renewable energy for e-drive power places Woodfibre and Squamish at the forefront of the world’s clean energy transition.
The Woodfibre LNG project will have a storage capacity of 250,000 m3 and would produce approximately 2.1 (MTPA) of LNG.
