LNG

Canada approves 40-year export licence for Woodfibre LNG

The Canadian government has approved a 40-year gas export licence for the Woodfibre LNG project, Jim Carr, Canada’s minister of natural resources, has announced.
By Staff reporter 6 June 2017 0 26245

The Canadian government has approved a 40-year gas export licence for the Woodfibre LNG project, Jim Carr, Canada’s minister of natural resources, announced at the Canadian Embassy in China this week.

Woodfibre’s owner, Singapore-based Royal Golden Eagle Group, was previously awarded a 25-year licence by Canada’s regulator the National Energy Board in 2013 to export 2.1 mtpa of LNG.

Guangzhou Gas Group plans to convert a memorandum of understanding for 1 mtpa from Woodfibre into a sales-and-purchase agreement by the end of this year, the company’s deputy...