Woodfibre LNG Orders Cryogenic Heat Exchanger
Canada’s Woodfibre LNG said August 9 it has placed an order for the main cryogenic heat exchanger at the heart of its planned 2.1mn mt/yr natural gas liquefaction project in Squamish, BC.
The purchase, Woodfibre said, signals another “positive step” towards a final investment decision (FID) for the estimated C$1.8bn (US$1.35bn) project. Singapore’s Royal Golden Eagle group of companies, which owns Woodfibre’s parent, Pacific Oil & Gas (PO&G), authorised expenditures for the Woodfibre LNG project in 2016, but PO&G must still make a positive FID before construction work can begin before the end of the year, Woodfibre LNG CEO David Keane said.
“This purchase indicates Woodfibre LNG’s continued commitment to moving forward towards our FID and start of construction later this year,” he said.
The project, located in the traditional Squamish village of Swiyat on unceded Squamish Nation lands, is expected to create up to 650 construction jobs and about 100 full-time operational jobs.