A rendering of the proposed facility west of Squamish
Company expects to make final investment decision as early as this year
The approval is a "milestone" that "moves us to the permitting phase,” said Woodfibre vice-president of corporate affairs Byng Giraud on Monday. Woodfibre, he says, could possibly make a final investment decision by the end of 2016. With plans to export 2.1 million tonnes of LNG per annum, Woodfibre LNG is relatively small compared compared to
"The [project] underwent a thorough, science-based environmental assessment that considered public and Indigenous input and views," said federal Minister of the Environment Catherine McKenna, in a statement late Friday. "The process benefited from scientific and technical expertise, Indigenous traditional knowledge and constructive feedback that helped to inform my decision.”
Friday’s decision ends the environmental assessment phase of the project, making it the first of roughly two dozen LNG projects proposed for the B.C. Coast to make it this far. And it’s already shifting into the next phase, contracting services to an engineering firm that will help Woodfibre reduce the overall cost of its proposal, says Giraud. On Monday, WoodFibre announced that it had awarded a contract for design and engineering services, for an undisclosed sum, to Houston-based KBR. In a statement, the firm said that work for the first phase of Woodfibre would be booked into its backlog of unfilled orders for the first quarter of 2016. Woodfibre is a subsidiary of Pacific Oil & Gas and itself a subsidiary of Singapore-based Royal Golden Eagle Group—which co-owns LNG import facilities in China.
An effort to stimulate the B.C. economy by marketing local real estate in Asia is in part responsible for the city’s affordability crunch, or so argues UBC professor David Ley in a new paper, summarized in the Vancouver Sun
Burnaby is building more high rises than Vancouver—a lot more. On his blog Vancouvermarket.ca, Colliers VP David Taylor gives a rundown of projects in the burb to the east, one of which promises to be the region’s tallest tower.