Canada to invest C$200 million in Woodfibre LNG to grow project's capacity, source says
ENB•Canada's government will invest C$200 million in the Woodfibre LNG project under construction in British Columbia, a person familiar with the matter said. The funding is expected to raise annual capacity from 2.1 million metric tons to between 2.5 million and 2.6 million tons.
1. Investment and capacity
The C$200 million investment will fund upgrades to cooling systems and the commissioning and mooring of floating storage tanks, a person familiar with the matter said. Woodfibre LNG's owners, Enbridge and Singapore-based Pacific Energy, designed the project to produce 2.1 million metric tons of LNG annually, all contracted to BP. The owners are exploring a second phase and aim to begin operations in late 2027.
