Singaporean Pacific Oil & Gas Releases Funds for Woodfibre LNG Project
Singaporean Pacific Oil & Gas has sanctioned funds to its Canadian subsidiary, Woodfibre LNG Limited, which was necessary to take the Woodfibre LNG project in British Columbia forward, Woodfibre LNG said Nov 4. The company did not inform about actual details of the funds released.
The Woodfibre LNG project is a mid-scale natural gas liquefaction facility on a brownfield site on the shores of Howe Sound in the District of Squamish. The proposed facility will receive natural gas from a FortisBC natural gas pipeline and will be powered with electricity from BC Hydro. The project will have a capacity of 2.1mn mt/yr. Work on the project is expected to start next year and is likely to be complete by 2020.
Last month, Japanese JGC Group and American KBR were awarded contracts to provide front-end engineering and design (Feed) services for the Woodfibre LNG project. These two groups will conduct the Feed in parallel and will produce lump-sum turn-key proposals for an EPC contract. The value of the contracts was not disclosed.