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Woodfibre LNG says contract with BP Gas ties up 70% of proposed facility's capacity


Woodfibre spokeswoman Rebecca Scott says the company is trying to sign contracts for the remaining 29 per cent of the 2.1-million-tonne annual capacity of the project but doesn t require those to go ahead with construction, which is expected to take about four years.
She says Woodfibre LNG is currently undergoing final engineering work while attempting to amend its environmental permit to allow floating accommodation for up to 600 workers during construction.
Scott says housing workers on barges is being considered after consultations with the community, as a partial solution to the high prices and low availability of housing on land near the site, a former pulp and paper mill located halfway between Vancouver and Whistler. ....

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Asian, European Natural Gas Prices Hit Fresh Highs as Regions Compete for Supply - LNG Wrap


Asian and European natural gas prices on Tuesday soared to multi-month highs, continuing a run of strength as demand remained unseasonably high.
Tuesday’s gains came after the prompt Title Transfer Facility benchmark finished Monday at $8.973/MMBtu and the prompt National Balancing Point broke through the $9.00 barrier to hit $9.05 after a stretch of continued strength last week. Prices were moving higher along the forward curve too.
Weaker pipeline imports from Russia and Norway, along with stubborn cold across Europe and record high carbon prices, were further incentivizing natural gas for power generation and pushing up prices.
“The single most important driver of higher European gas and power prices in 2021 is rising carbon prices,” said UK consultancy Timera Energy. “This is acting to pull both hard coal and lignite switching levels higher. Rising switching levels translate directly into higher European gas hub prices, with power prices following suit.” ....

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Woodfibre LNG says contract with BP Gas ties up 70% of proposed facility's capacity


Woodfibre spokeswoman Rebecca Scott says the company is trying to sign contracts for the remaining 29 per cent of the 2.1-million-tonne annual capacity of the project but doesn t require those to go ahead with construction, which is expected to take about four years.
She says Woodfibre LNG is currently undergoing final engineering work while attempting to amend its environmental permit to allow floating accommodation for up to 600 workers during construction.
Scott says housing workers on barges is being considered after consultations with the community, as a partial solution to the high prices and low availability of housing on land near the site, a former pulp and paper mill located halfway between Vancouver and Whistler. ....

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Woodfibre LNG says contract with BP Gas ties up 70% of proposed facility's capacity


Woodfibre LNG says contract with BP Gas ties up 70% of proposed facility s capacity
by The Canadian Press
Last Updated May 6, 2021 at 3:58 pm EDT
CALGARY The company proposing the Woodfibre LNG export project near Squamish, B.C., says it has struck a second sales contract with BP Gas Marketing Ltd. that allows it to account for over 70 per cent of future production from the plant.
The 15-year contract to supply 750,000 tonnes of liquefied natural gas per year doubles the initial commitment by BP Gas announced in 2019 and is an important step for the $1.8-billion project as it faces a third-quarter decision by its owner, Pacific Oil & Gas Ltd., on whether to proceed. ....

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Woodfibre LNG contract ties up 70% of capacity


Winnipeg Free Press
By: The Canadian Press
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CALGARY - The company proposing the Woodfibre LNG export project near Squamish, B.C., says it has struck a second sales contract with BP Gas Marketing Ltd. that allows it to account for over 70 per cent of future production from the plant.
CALGARY - The company proposing the Woodfibre LNG export project near Squamish, B.C., says it has struck a second sales contract with BP Gas Marketing Ltd. that allows it to account for over 70 per cent of future production from the plant.
The 15-year contract to supply 750,000 tonnes of liquefied natural gas per year doubles the initial commitment by BP Gas announced in 2019 and is an important step for the $1.8-billion project as it faces a third-quarter decision by its owner, Pacific Oil & Gas Ltd., on whether to proceed. ....

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