The proponents of what could be B.C.’s first LNG export terminal are one step closer to getting the project off the ground.
The National Energy Board has approved a 40-year export license for Woodfibre LNG, which has proposed an LNG export facility that would be built on the former site of a pulp mill near Squamish.
The license grants the company the right to export up to 3.34 billion cubic metres of natural gas per year.
The project was previously granted a 25-year export license back in 2013, however regulatory changes two years ago extended the maximum term to 40 years, prompting the company to re-apply.
Chris Newton – Energeticcity.ca – April 7, 2017.
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