Singapore's Woodfibre aims to be first to export LNG from Canada
[SINGAPORE] Singapore-headquartered Woodfibre LNG expects to "greenlight" its US$2 billion investment in a 2.1 million tonne-per-annum LNG liquefaction plant in Canada's West Coast by the second quarter of next year, with the project expected to start exporting liquefied natural gas to Asia in Q1 2017.
This will make it the first Canadian LNG export terminal, capitalising on plentiful shale gas there, to get off the ground, visiting British Columbia Premier Christy Clark said yesterday, adding that Woodfibre had "an aggressive timeline" to achieve this.
Woodfibre LNG is clearly pulling out all the stops. Its lead director Imelda Tanoto told BT it was simultaneously in negotiations with possible EPC contractors, including from Asia and Europe, to build the project, even as it is discussing with potential LNG buyers including those in Japan, China, South Korea and Singapore, the last including with Temasek-owned Pavilion Energy.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
New Articles
Singapore top recipient of Q1 cross-border investments in Apac: Knight Frank
Dasin Retail Trust’s trustee-manager chairman, directors deny allegations of misconduct
Keppel Infrastructure Trust posts 29.1% lower Q1 distributable income
Bitcoin faces worst month since FTX crash with ETF demand cooling
AIA launches wealth centre targeting high-net-worth clients
Prudential’s Q1 new business profit down 2% at S$743 million