The head of Woodfibre LNG says global buyers are increasingly recognizing Canada as a stable and reliable supplier of liquefied natural gas (LNG), as the company pushes forward with its export facility near Squamish, British Columbia.
Growing Interest in Canadian LNG
Speaking at an industry event, Woodfibre LNG President and CEO Christine Kennedy noted that international customers are looking to diversify their energy sources and see Canada as a trustworthy partner. “We are seeing significant interest from buyers in Asia and Europe who value Canada’s stable regulatory environment and abundant natural gas resources,” she said.
Project Progress
The Woodfibre LNG project, located on the site of a former pulp mill, is currently under construction. A floating accommodation vessel, or “floatel,” is housing workers at the site. The facility is expected to begin exports by 2027, with a capacity of 2.1 million tonnes per year.
Kennedy emphasized that the project adheres to stringent environmental standards, including the use of electric-driven compressors to reduce emissions. “We are committed to producing the cleanest LNG in the world,” she added.
Market Dynamics
The comments come amid global energy market volatility, with many nations seeking alternatives to Russian gas. Canada, despite having vast natural gas reserves, has struggled to build LNG export capacity due to regulatory hurdles and environmental opposition. However, Kennedy expressed optimism that the tide is turning.
“Buyers recognize that Canada offers a secure supply chain and strong governance. We are well-positioned to meet growing demand for reliable energy,” she said.
The Woodfibre LNG project is one of several proposed LNG facilities on Canada’s West Coast, but it is among the few to have received final investment approval and begun construction.
