Pacific Energy-Enbridge Venture Woodfibre to Supply 100% of its LNG to BP
(Reuters) — Pacific Energy and Enbridge-owned Woodfibre said on Tuesday it would supply 100% of the LNG from its proposed plant in British Columbia to BP Plc after it signed another agreement with a unit of the energy major.
Woodfibre LNG had earlier signed a 15-year off-take agreements with BP Plc, representing 70% of capacity.
Under the latest agreement, BP Gas Marketing Ltd will receive an additional 0.45 million tonnes per annum (MTPA) of LNG from Woodfibre over 15 years, increasing BP's total LNG off-take to 1.95 MTPA.
Calgary-based Enbridge ENB.TO bought a 30% stake in Woodfibre last year, with the remaining 70% owned by privately held Pacific Energy Corporation.
Woodfibre project construction is scheduled to start in September, with operations expected to begin in 2027.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments