Thanks for your question.
Our proposed project is licensed to export approximately 2.1 million tonnes of liquefied natural gas (LNG) per year for 25 years. While MOUs have been signed in relation to possible customers for our product, those potential agreements have not yet been finalized as our project is awaiting federal approval and a final investment decision.
Having said that, Woodfibre LNG Limited is of the view that natural gas – the cleanest burning fossil fuel – is the best and most reliable way to help transition away from high-emission fuels such as oil and coal. This is particularly true in energy-hungry Asian markets, where Woodfibre LNG plans to sell its product. In fact, replacing just one 500 Megawatt coal-fired power plant with natural gas fueled power generation for one year, equates to taking 557,000 cars off the roads over the same time period (Source: Centre for Liquefied Natural Gas (CLNG)).
The Woodfibre LNG Project will be powered by electricity provided by BC Hydro. By powering the plant with electricity, instead of natural gas, greenhouse gas emissions will be reduced by about 80%. This will make Woodfibre LNG one of the cleanest LNG facilities in the world.
In its environmental regulations, the provincial government has set out standards that all LNG facilities must meet, and the Woodfibre LNG plant will always do better. At peak capacity, the Woodfibre Project will have a GHG intensity of 0.059 t CO2e per tonne LNG; in the Greenhouse Gas Industrial Reporting and Control Act, government has set a threshold of 0.16 t CO2e per tonne LNG.
If global warming and climate change is a topic that interests you, we can recommend a piece published in the Vancouver Sun earlier this year by Elizabeth and Richard Muller.