Woodfibre LNG granted project 40-yr export license

Squamish, British Columbia—The National Energy Board (NEB) has granted Woodfibre LNG Ltd. a 40-year export license for the Woodfibre LNG Project in Squamish, British Columbia.

In its decision, the NEB found that the quantity of natural gas proposed to be exported by the Woodfibre LNG Project, for a term of 40 yr, is surplus to Canadian needs, and can accommodate a plausible increase in demand as well as exports proposed by the Woodfibre LNG Project.

The Project received a 25-yr license to export approximately 2.1 metric MMtpy in December 2013; however, amendments to the National Energy Board Act Part VI Regulations in 2015 increased the maximum term to 40 yr.

All of the commitments Woodfibre LNG Ltd. made in its environmental assessment certificate application, and the regulatory conditions, plans and permits required for construction and operation of the Woodfibre LNG Project, will remain in effect for the life of the project.

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