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NEB Accepts Woodfibre LNG’s Application for a 40-Year Export Licence
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(Posted on Feb 14, 2017 at 02:00PM by Michelle Bogle)
There’s more news out of Squamish, B.C., regarding the ongoing Woodfibre liquefied natural gas plant project.Â
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Last week, the company announced that the National Energy Board (NEB) accepted an application for a 40-year export licence for the plant. If approved, the licence would allow the export of approximately 2.1 million tonnes of liquefied natural gas per year, for 40 years, from the Woodfibre LNG Project. Â
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The project initially received a 25-year licence in December 2013; however, amendments to the National Energy Board Act Part VI Regulations in 2015 increased the maximum term to 40-years. Â Â
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“This application, if successful, would provide even more assurance to the government, First Nations partners, stakeholders and potential customers of the certainty of this project,†said Byng Giraud, Country Manager and Vice President, Corporate Affairs, Woodfibre LNG Limited.
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The application is available to view on the National Energy Board’s website.Â
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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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