Woodfibre LNG Updates Project Cost

SQUAMISH – The total cost for the Woodfibre LNG Project has been updated to US$8.8 billion.

This increase reflects the evolving realities of delivering a complex, first-of-its-kind energy project in Canada—using hydroelectricity for liquefaction, net zero from day one and uniquely regulated by an Indigenous government under a consent-based environmental assessment agreement.

Key cost drivers include:

• Remediation, construction and geotechnical complexities of a confined brownfield industrial site, including a heavily restricted marine work window.
• Commitment to barge-only logistics and worker marine transportation to avoid traffic impacts in Squamish.
• Best-in-class marine and environmental monitoring, including one of the world’s most comprehensive marine mammal programs co-designed with the Squamish Nation.
• Early and significant investments in electrification and net zero readiness, including electric-drive compressors powered by hydroelectricity.
• Safe, culturally respectful workforce accommodations located at site, mitigating additional pressure on the local housing market and essential community services.

Despite these challenges, Woodfibre LNG is committed to delivering among the world’s lowest carbon LNG, while maintaining our high standards of safety, environmental protection and Indigenous inclusion.

This project continues to set a new benchmark for sustainable energy development in Canada. It represents a cornerstone of the country’s strategy to diversify trade, unlock foreign direct investment, and demonstrate that socially and environmentally responsible LNG can be produced and exported from Canada to global markets.

About Woodfibre LNG

The Woodfibre LNG Project is a liquefied natural gas (LNG) facility that will produce 2.1 million tonnes of LNG for export annually, being built near the community of Squamish on the traditional territory of the Sḵwx̱wú7mesh Úxwumixw (Squamish Nation). The Woodfibre LNG Project is owned by Woodfibre LNG Limited Partnership, owned 70 per cent by Pacific Energy Corporation (Canada) Limited and 30 per cent by Enbridge Inc.

Woodfibre LNG is the first industrial project in Canada to recognize a non-treaty Indigenous government, Squamish Nation, as a full environmental regulator. The Woodfibre LNG facility will be the world’s first net zero LNG facility when it is completed in 2027.