Woodfibre LNG Limited has issued a ‘Notice to Proceed’ to prime contractor McDermott International.
This Notice to Proceed is an instruction from Woodfibre LNG to McDermott to begin the work required in order to move the project toward major construction commencement in 2023.
Woodfibre LNG expects to reach substantial completion in 2027.
“When shipped to Asia where it will replace coal-fired electricity, the LNG produced at the Woodfibre facility will reduce 3.5 million tonnes of CO2e per year, equivalent to 5 per cent of B.C.’s annual emissions,” the company said.
Woodfibre LNG has also approved a budget of $500 million US for 2022, of which $25 million Canadian dollars will be spent on pre-construction work this year. The company is also working towards a final Impact Benefits Agreement (IBA) with the Squamish Nation, which will lay out employment, training, and procurement opportunities for First Nations.
Earl Richards says
The Woodfibre Terminal is in the wrong location and has to be stopped. The potentially, explosive LNG tankers pass too close to the populated areas of Bowen Island and West Vancouver. View the video, “Communities at Risk: Hazards of LNG.”