Woodfibre to begin building Canada LNG project in 2017

(Adds background on Squamish environmental consultations)By Nia Williams Nov 4 Woodfibre LNG will start
building British Columbia’s first liquefied natural gas
processing and export terminal in 2017, it said on Friday, a
project that would grant Canada a long-awaited opportunity to
enter the global market.The facility near Squamish, north of Vancouver, will export
2.1 million tonnes a year once it is operational in 2020,
according to a company statement.However, Woodfibre is relatively small compared to other
proposed LNG projects in the province and will have little
impact on weak Canadian natural gas prices, said Samir Kayande,
a director at research group RS Energy.More than a dozen LNG projects have been proposed for
British Columbia, but the global slump in energy prices has
undermined their feasibility and delayed investment.

In September, Canada approved a proposed C$36 billion,
12-million-tonne-a-year LNG project by Petroliam Nasional
Berhad. But Petronas, as the Malaysian state-owned oil …
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