Woodfibre LNG Ltd has announced that the Canadian government has approved a 40-year export licence for the Woodfibre LNG Project in Squamish, British Columbia, Canada. In April 2017, the National Energy Board (NEB) announced that it had granted the 40-year export licence to the project, subject to a Governor in Council approval.
In its decision, the NEB found that the volume of gas that the project proposed to export – for a 40-year term – is surplus to Canadian requirements, and can accommodate a plausible growth in demand, as well as exports proposed by the Woodfibre LNG Project.
All of the commitments that the company made during its environmental assessment certificate application, and the regulatory conditions, plans and permits required for the construction and operation of the project, will remain in effect for the life of the project.