LNG’s Power Play


That’s what BC Hydro will charge the proposed Woodfibre LNG terminal near Squamish for each of the expected 1.3 million megawatts it will use annually to run its lique- faction plant—the highest rate in the province and 53% more than the average industrial user. As 3,400 proponents meet this month for the International LNG in BC Conference in Vancouver, Woodfibre continues its negotiations with the Squamish First Nation and other area residents to get buy-in for the project, which, while comparatively small, is sited smack-dab in the middle of the once-industrial-but-now-tourist-minded Sea-to-Sky Corridor. So far, Woodfibre is the only of B.C.’s 20 LNG proposals to agree to electric over gas power, a costly decision that Byng Giraud, VP of corporate affairs for Woodfibre, says was made solely in response to community concerns over potential emissions. “For companies today, it’s not enough to meet regulations,” he says. “People expect you to go above and beyond and exceed the requirements.”


Provincial government estimate, in cubic feet, of natural gas reserves in B.C.

2,100,000 Annual metric tonnes of LNG Woodfibre is licensed to export if and when it begins operation.

$1,000,000,000,000 Amount the provincial government says five LNG plants would contribute to the province’s GDP over 30 years