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We expect to have about 650 people working in Squamish per year of a two year construction period, and 100+ full time jobs at the Woodfibre site and about a dozen full time administration type jobs in Squamish during operation. We are also encouraging local businesses and contractors to sign up for our Business Directory so that we know what series are available locally, and ensure that qualified business and contractors are first in line for contracts with the Woodfibre LNG Project. Learn more by visiting: woodfibrelng.ca/work-with-us.
On May 9, 2016, we announced that a Heads of Agreement (HoA) has been signed with Guangzhou Gas Group Co., Ltd (Guangzhou Gas Group) of China for nearly half of the annual LNG we plan to produce, starting in 2020.
Guangzhou Gas Group is looking for a long-term stable supply of natural gas to meet the rapidly-growing demand for clean energy in Guangzhou City. Guangzhou City is the capital and largest city in the Guangdong Province of China.
The HoA also includes a potential investment of up to 10% of the equity of Woodfibre LNG Limited by Guangzhou Gas Group, and marks another important step in the development of the Woodfibre LNG Project.
You can learn more about the agreement, here.
On March 21, 2016, KBR, Inc. announced it will be conducting the Front-End Engineering and Design (FEED) for the Woodfibre Liquefied Natural Gas (LNG) Project.
Under the terms of the contract, KBR’s Houston office will provide FEED services including FEED optimization, pre-FEED, FEED, and development of a fixed price offer for engineering, procurement and construction (EPC) services.
KBR has more than 40 years of experience in LNG development.
Our work with KBR will help us make a final investment decision – likely by December 2016.