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Our publication: 14 September 2023
BP to take all of Woodfibre’s LNG
Britain’s BP Gasoline Advertising and marketing, an arm of vitality large bp, has locked up all of Woodfibre LNG’s future manufacturing.
Of Woodfibre’s annual output of two.1 million tonnes of LNG a yr, BP will purchase 1.9 million tonnes — and can have the ability to take the remaining output on a versatile foundation.
“At this time’s announcement demonstrates there may be demand for lower-carbon vitality at this time and effectively into the longer term,” stated Woodfibre LNG president Christine Kennedy.
Woodfibre’s decrease carbon depth is available in half from its design, which can use electrical drive for the chilling course of somewhat than burning pure gasoline to generate electrical energy.
Work begins on Woodfibre modules
Main building on the Woodfibre LNG plant and terminal facility is about to start out up in earnest, and a Chinese language yard has began constructing the primary of 19 pre-fabricated modules for the undertaking.
“We’re within the closing phases of getting ready for the beginning of building in September and dealing on all the closing regulatory necessities and bits and items which are concerned in getting that executed,” stated Woodfibre LNG president Christine Kennedy.
The primary module — the most important of which can weigh about 11,000 tonnes, or a little bit heavier than the Eiffel Tower — is anticipated to ship subsequent summer time.
And FortisBC has commenced building on the 50-kilometre pipeline that can join the undertaking to its pure gasoline provide.
As soon as in service in 2027, the Woodfibre facility shall be run by Woodfibre LNG with Pacific Canbriam supplying licensed pure gasoline from northeast B.C. and bp shopping for the LNG for cargo to abroad markets.
Squamish Nation is concerned with the undertaking as a undertaking accomplice and environmental regulator.
Enbridge bets extra billions on gasoline
Canada’s Enbridge, a 30% accomplice in Woodfibre LNG, has made one other huge wager on pure gasoline.
The vitality infrastructure large will buy three U.S.-based utility corporations by US$9.4 billion in money and US$4.6 billion of assumed debt.
It stated the deal will double the dimensions of its gas-utility enterprise, with about 7,000 staff delivering over 9 billion cubic toes per day of gasoline to roughly seven million prospects.
“At this time, and for the long-term, pure gasoline will stay important for reaching North America’s vitality safety, affordability and sustainability targets,” stated Michele Harradence, Enbridge government vp and head of its gasoline utility enterprise
Indigenous clean-energy information
- $608M financing set for Apuiat wind farm in Quebec, with Innu Nation companions: https://ow.ly/ecPJ50PJR7N
- Newfoundland and Labrador provides World Vitality GH2 land approval for inexperienced hydrogen undertaking. Qalipu First Nation is a accomplice. https://ow.ly/C14M50PHfsI
- H2Naturally proposes to reap BC deadwood with the assistance of Indigenous companions, seize the carbon, and produce hydrogen: https://ow.ly/5bCp50PHPpE
- 4 First Nations search to steer proposed Ontario transmission-line undertaking: https://ow.ly/uXvx50PKPtiNunavut’s vitality company investigates the area’s geothermal potential: https://ow.ly/5Qhe50PHQAR
- Feds put up $25 million for Weavers Mountain wind-energy undertaking in NS, with Glooscap First Nation a accomplice: https://ow.ly/wLHl50PJOxA
- Bear Head Vitality and Eskasoni First Nation signal MoU on hydrogen/ammonia plan for NS: https://ow.ly/WBJL50PJRai
- Cost Up gives undertaking funding for Indigenous communities and companies to buy and set up EV chargers. To be taught extra and apply, go to https://ow.ly/5XPw50PHfoU
- Indigenous Clear Vitality’s 20/20 Catalysts Program is accepting purposes for the 2024 cohort of the capacity-building program: https://ow.ly/KNSI50PI3ch
ALSO IN THE NEWS
- Coastal GasLink pipeline getting ready to just accept gasoline by the tip of the yr: https://ow.ly/zlzF50PJ4gB
- Can BC Hydro present the ability for electrical liquefaction drives at LNG Canada’s Part 2 growth? https://ow.ly/GJfC50PIzsB
- Stewart Muir: How can Canada be a part of fixing the necessity for accessible, reasonably priced, safe and cleaner vitality in Asia? It’s straightforward: BC LNG. https://ow.ly/HxKe50PI1pj
- Case over Indigenous natural-resource rights on Prairies “might be one of the necessary courtroom battles in Canadian historical past.” https://ow.ly/8TJG50PIZBr
- Ottawa plans to unveil its proposal to cap oil and gasoline emissions this fall: https://ow.ly/O4qk50PHRW5
- Viewpoint: Why Indigenous financial reconciliation wants a seat on the vitality coverage desk: https://ow.ly/xAwv50PIjrT
DATES
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2024
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