‘World’s First Net-Zero LNG Export Facility’ Shaping up in Canada as $5.1b Project Forges Ahead

Woodfibre Management, a Canadian company based in Vancouver, is advancing its liquefied natural gas (LNG) export project along the southwest coast of British Columbia. The site, located in the District of Squamish, is making progress with the installation of critical components, including foundation work for processing equipment and modules expected to arrive in 2025. These modules will include components like pipe racks and connect the liquefaction and loading facilities. Environmental measures, such as grading, backfilling, and exclusion fencing, are in place to protect migratory birds and maintain ecological balance.

The marine offloading facility is nearing completion, with modules on their way later in the year. Non-local workers are housed on a nearby floatel, with transportation via Vancouver's lower mainland. Once operational, the facility aims to produce 2.1 million tons of LNG annually, meeting three 15-year agreements with BP. The project, valued at $1.6 billion before a revision to $5.1 billion, includes a liquefaction train, a floating storage unit, an air-cooling system, and marine docking facilities.

Construction started in 2023 with the first modules, a series of pipe racks, arriving this summer. These will be delivered throughout 2025 and early 2026, continuing a modular approach that improves timelines, efficiency, and environmental control. The project is owned by Woodfibre LNG Partnership, with 70% held by Pacific Energy Corporation and 30% by Enbridge.