The terminal will reportedly cost an estimated C$1.4 – 1.8 billion, and export operations are expected to commence by 2023. A final investment decision (FID) is being targeted this summer.
There are currently 18 LNG export projects being developed in Canada. Woodfibre’s 2023 start date has the potential to make its facility the first LNG export terminal in Canada, ahead of Shell’s LNG Canada project which is due to commence operations in 2024.
