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Feds Investing $200M in B.C.’s Woodfibre LNG over Three Years
The funding will boost output by up to 24 per cent as owners plan upgrades and floating storage tanks, officials said.
- The federal government is investing $200 million in the Woodfibre LNG project near Squamish, British Columbia, an investment that will increase the facility's annual capacity by up to 24 per cent.
- Upgrades to cooling systems and floating storage tanks will raise capacity to between 2.5 million and 2.6 million tonnes per year, up from the original 2.1 million tonnes designed for BP-N.
- Energy and Natural Resources Tim Hodgson said the three-year investment, advanced in collaboration with the Squamish Nation, demonstrates what is possible "when governments, First Nations and industry work together."
- Premier-Designate Lorne Doerkson called the federal funding welcome news for the region and British Columbia's economy, as owners Enbridge ENB-T and Singapore-based Pacific Energy aim to begin operations in late 2027.
- Separately, LNG Canada continues its Phase 2 expansion at its terminal in Kitimat, B.C., which will double the facility's capacity to 28 million tonnes a year.
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Feds Investing $200M in BC’s Woodfibre LNG Over Three Years
Minister of Energy and Natural Resources Tim Hodgson arrives for an event after LNG Canada said it will go ahead with the Phase 2 expansion project at its LNG terminal in Kitimat, B.C., during an announcement in Vancouver, on Sept. 29, 2026. (The Canadian Press/Darryl Dyck)
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Feds investing $200M in B.C.’s Woodfibre LNG over three years
VANCOUVER — The federal government says it is investing $200 million in the Woodfibre LNG project in British Columbia. Energy Minister Tim Hodgson says the investment in the project in Squamish, north of Vancouver, will take place over three years. He ...
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Total News Sources36
Leaning Left22Leaning Right1Center9Last UpdatedBias Distribution69% Left
Bias Distribution
- 69% of the sources lean Left
69% Left
L 69%
C 28%
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