By Robb M. Stewart

Pacific Energy and Enbridge's Woodfibre liquefied natural gas export facility has now committed all of its future production to an indirect subsidiary of BP, with a firm offtake covering 1.95 million metric tons a year and the remainder on a flexible basis.

Woodfibre LNG, which is 70% owned by Singapore-based RGE's Pacific Energy and 30% by Canada's Enbridge, said Tuesday that it signed a third LNG sales and purchase agreement with BP Gas Marketing for the delivery of fuel from the British Columbia export facility covering an additional 0.45 million tons a year of LNG over 15 years.

Woodfibre LNG is scheduled to begin construction in September on the site of the former Woodfibre pulp mill, with operations set to start in 2027. The operation will source natural gas from Pacific Canbriam Energy, a Canadian company with operations in northeastern British Columbia.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

September 05, 2023 09:50 ET (13:50 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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