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vancouver bc commerical brokerOne week ago, Squamish Nation Chiefs and Council approved a new pipeline and compressor station that will provide natural gas to the Woodfibre LNG plant in Squamish, B.C.

This approval was very important, as it is a key piece of the project, which will be built by FortisBC. 
 
The agreement comes after Squamish Nation’s own independent environmental review, which began more than two years ago.

The environmental assessment included 25 conditions for approving the LNG plant and the FortisBC pipeline extension. Nine of those conditions related to the FortisBC component of the project – specifically the location of the compressor station and the re-routing of the pipeline to avoid the Skwelwil’em Wildlife Management Area. 
 
These two conditions were hot topics at the community meetings with many Squamish Nation members voicing concerns for the surrounding land and aquatic habitats.

As a result, FortisBC went back to the drawing board and selected another site near Mount Mulligan for the compressor station. They also agreed to re-route sections of its pipeline to avoid the Skwelwil’em Wildlife Management Area. 
 
With these two conditions met, Squamish Nation Council approved the FortisBC EA Agreement. 
 
The Woodfibre LNG Project is a proposed natural gas liquefaction and export facility located at the former Woodfibre Pulp and Paper Mill, about seven kilometres southwest of Squamish.
 
The Eagle Mountain – Woodfibre Gas Pipeline Project is an expansion of FortisBC’s existing Vancouver Island natural gas transportation system to provide service to the Woodfibre LNG Project. The project includes building about 47 km of pipeline between Coquitlam and the Woodfibre site.
 
Major projects, such as Woodfibre, are transforming Squamish’s economy and fueling demand for real estate, especially within commercial asset classes. The former lumber town is now once again poised for growth and expected to draw an increased supply of labourers into the area.
 
For more information about commercial real estate activity in the Sea-to-Sky corridor, including Whistler and Squamish, please contact our area expert, David Fox, in our Vancouver office.
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