Woodfibre LNG hopes to cut the cost of its proposed $1.8-billion liquefied natural gas project near Squamish to offset a drop in prices for natural gas in China. That would allow the export facility to remain as a leading contender for the first proposed LNG project in B.C. to make a final investment decision, possibly sometime in 2016. The company is trying to take advantage of the fact there is less work for industrial contractors and engineering firms in the aftermath of the global oil price collapse, which has shelved or cancelled major industrial projects, especially in the Alberta oilsands.
GORDON HOEKSTRA – Vancouver Sun – December 13, 2015.
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