Woodfibre LNG signs preliminary 13-year export deal

Squamish’s Woodfibre LNG has reached a preliminary agreement with the first and largest LNG importer in China.

As with their other offtake agreements, this deal will be finalized closer to the start of plant operations, according to Woodfibre LNG.

Pacific Oil & Gas Limited announced over the weekend that on Sept. 29, its subsidiary Woodfibre LNG Export had signed a Heads of Agreement with CNOOC Gas and Power Trading & Marketing Limited, a wholly-owned subsidiary of CNOOC Gas and Power Group Ltd., for the potential purchase of 0.75 mmtpa of liquefied natural gas for 13 years starting in 2023.