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Policy & Regulation

Canadian regulator approves export licence for Woodfibre LNG

Canadian energy regulator the National Energy Board has approved a 40-year export licence for the British Columbia-based Woodfibre LNG facility.
By Staff reporter 7 April 2017 Americas / LNG 0 25420

Canadian energy regulator the National Energy Board has approved a 40-year export licence for the British Columbia-based Woodfibre LNG facility.

The licence allows the company to export up to 3.34 billion cubic metres of gas per year from the facility. The project received a 25-year licence in 2013, but regulatory changes in 2015 extended the maximum term to 40 years, prompting the company to re-apply.

The $1.6 billion project obtained financing last year and has the backing of First Nations groups.

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