BP has secured all of Woodfibre LNG’s future capacity, buying 1.9 million tonnes of LNG annually from the Canadian project located in Squamish, B.C. Woodfibre LNG’s lower carbon intensity is due to its use of electric cooling rather than natural gas. While Woodfibre LNG was designed to produce 2.1 million tonnes annually, the majority of its capacity will be allocated to BP, leaving only a limited amount available for spot sales. Enbridge, a partner in the project, is pleased with the announcement, highlighting its role in supplying low-emission LNG to global markets.
