News listings

energy-pedia general news

Canada flagCanada

South America / GoM >>> Canada

Canada: Enbridge completes partnership agreement in Woodfibre LNG


30 Nov 2022

Photo - see caption

Enbridge has completed the previously announced transaction relating to its partnership agreement with Pacific Energy to jointly invest in the construction and operation of the Woodfibre LNG project, located near Squamish, B.C. Enbridge now has a 30% ownership stake in the Woodfibre LNG project, with Pacific Energy retaining the remaining 70% stake in the project.

Pacific Energy and Enbridge will each make pro-rata contributions during construction through a combination of expected asset level financing and equity investments. In exchange for its capital contribution, Enbridge will receive a preferred equity interest that provides predictable future cash flows. The partners will jointly participate in the project's execution and governance of ongoing operations, while Pacific Energy retains responsibility for daily operations.

Preliminary construction activities, including site preparation are underway. The project remains on track for its targeted in-service date of Q4 2027.

See related announcement: Pacific Energy and Enbridge announce partnership in Woodfibre LNG (July 31 2022)

Original article link

Source: Enbridge





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 279

Completed Deals

Completed Upstream Deals: 6412

Company Profiles

Current Company Profiles: 2863

Corporate Activity

Current Corporate Activity articles: 3992

Companies Looking

Current number of articles: 460

Company Sales

Current Company Sales articles:1601

Geostudies

Current Geostudies articles: 901

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

Union Jack Oil 149
Bayphase
energy365
OPC
Syntillica
Government of South Australia
Borchwix
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com