Woodfibre LNG
Woodfibre LNG is a privately held Canadian LNG export facility under construction near Squamish, BC, designed to produce 2.1 million tonnes per year for export to international buyers — primarily in Asia — as the world's first net-zero LNG facility, powered by hydroelectricity and operated under a 70/30 Pacific Energy / Enbridge joint venture.
- Company typePrivate
- Founded2013
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Woodfibre LNG does
Woodfibre LNG is a privately held liquefied natural gas (LNG) export project under construction on a brownfield former pulp mill site approximately 7 km south of Squamish, British Columbia, on the traditional territory of Sḵwx̱wú7mesh Úxwumixw (Squamish Nation). The project is operated under Woodfibre LNG Limited Partnership, owned 70% by Pacific Energy Corporation (Canada) Limited and 30% by Enbridge Inc., with a corporate office in Vancouver and primary operations near Squamish. Once complete in 2027, the facility will produce 2.1 million tonnes of LNG per year for export, primarily to Asian markets (Japan, South Korea, China, India), and is designed to be the world's first net-zero LNG export facility, achieving a projected carbon intensity of 0.04 tonnes CO2e per tonne of LNG versus a global average of 0.36.
The facility's core technology is electric-drive (E-Drive) compression powered by BC Hydro's 91% renewable hydroelectric grid — the first such deployment in a North American LNG export facility — which avoids approximately 230,470 tonnes of CO2 equivalent per year compared with conventional gas-fired turbine systems. Construction uses a modular approach, with large-scale LNG modules fabricated offshore and assembled on-site; the project reached 65% completion by May 2026 with 16 modules delivered and over 1,300 workers on-site. The site is being remediated and expanded with 22,000+ square metres of new marine habitat at a 10:1 restoration ratio, supported by digital hydrophones, thermal imaging, and a marine mammal monitoring program.
The commercial model is a B2B export business targeting international LNG buyers — primarily Asian utilities and traders seeking lower-carbon supply — via a mix of long-term contracts and spot sales priced against global benchmarks such as Henry Hub and JKM. The project is differentiated by the Squamish Nation Environmental Assessment Agreement (SNEAA), a Canadian-first framework in which Sḵwx̱wú7mesh Úxwumixw (Squamish Nation) serves as both partner and independent environmental regulator alongside the BC Environmental Assessment Office and the federal government, with over $250 million in contracts awarded to Squamish Nation-owned companies and 179 Indigenous workers on the workforce. With peak construction headcount of approximately 1,500 transitioning to about 100 long-term operations roles, the project is currently capital-intensive and pre-revenue, with first commercial LNG exports targeted for 2027.
Woodfibre LNG firmographics
Firmographics- Name
- Woodfibre LNG
- Legal name
- Woodfibre LNG General Partnership Inc.
- Website
- https://woodfibrelng.ca
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Woodfibre LNG is a privately held Canadian LNG export facility under construction near Squamish, BC, designed to produce 2.1 million tonnes per year for export to international buyers — primarily in Asia — as the world's first net-zero LNG facility, powered by hydroelectricity and operated under a 70/30 Pacific Energy / Enbridge joint venture.
- Ownership category
- akta.pro rank
Woodfibre LNG industry classification
Industry- Product category
- LNG Export Services
- NAICS
- Pipeline Transportation of Natural Gas (48621)
- SIC
- Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- LNG Liquefaction Plants (Onshore & FLNG) (EUALAFAA)
- akta.pro secondary industries
- LNG Liquefaction (Export Terminals) (EUAAACAE), LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Equipment & Technology (Cryogenic, Turbines, Heat Exchangers, Boil-off Systems) (EUALAFAH)
Keywords
Where Woodfibre LNG is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Woodfibre LNG business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales
Revenue model
- LNG Export Sales: Woodfibre LNG will produce 2.1 million tonnes of LNG annually for export to global markets, primarily targeting Asian buyers seeking lower-carbon energy sources. Revenue generated from long-term contracts and spot sales of liquefied natural gas.
- LNG Export Capacity: Canada's LNG exports projected to reach 18 million tonnes annually by 2027, driven by major projects including Woodfibre LNG. Infrastructure expansions including pipeline buildouts and port terminals support export operations.
Go-to-market motion2 records
Distribution channels1 record
Marketing channels6 records
Woodfibre LNG product offering
Product offeringCore offering
Woodfibre LNG is building a liquefied natural gas (LNG) export facility near Squamish, British Columbia, designed to produce 2.1 million tonnes of LNG annually for export to global markets. The facility will be the world's first net-zero LNG export facility, using electric drive (E-Drive) compressors powered by BC Hydro's renewable hydroelectricity instead of conventional gas-fired turbines, with operations targeted to begin in 2027.
Product overview
Woodfibre LNG operates as a single unified infrastructure project—the Woodfibre LNG Export Facility. This facility is a liquefied natural gas export terminal located near Squamish, BC, designed to produce 2.1 million tonnes of LNG annually for global export. The project is uniquely positioned as the world's first net zero LNG facility, utilizing electric drive (E-Drive) compressors powered by BC Hydro's hydroelectric grid rather than conventional gas-fired turbines. The facility is being constructed on a former brownfield pulp mill site with extensive environmental remediation underway. Ownership is split between Pacific Energy Corporation (70%) and Enbridge Inc. (30%), with the Squamish Nation serving as both a project partner and environmental regulator through a landmark Environmental Assessment Agreement. The project is expected to reach completion in 2027.
Differentiator
Problem solved
Functional benefit
Products and services
- Woodfibre LNG Export Facility A liquefied natural gas (LNG) export facility being built near Squamish, British Columbia, designed to be the world's first net-zero LNG export facility. It will produce 2.1 million tonnes of LNG annually for export to international buyers, primarily in Asian markets, using E-Drive electric compressors powered by renewable hydroelectricity rather than conventional gas-fired turbines.
Quantifiable outcome
- Carbon intensity of 0.04 tonnes CO2e per tonne LNG vs global average of 0.36 - 9x lower emissions than conventional facilities
- +3 more outcomes
Companies that use Woodfibre LNG
Customer profileNamed customers1 record
Segments2 records
Ideal customer profiles2 records
Woodfibre LNG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Woodfibre LNG partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, major and supporting.
- Sḵwx̱wú7mesh Úxwumixw (Squamish Nation)coreSquamish Nation is both project partner and environmental regulator through the Squamish Nation Environmental Assessment Agreement (SNEAA) - a Canadian first. The Nation serves as an independent environmental regulator alongside BC Environmental Assessment Office and federal government. More than $250 million in contracts awarded to Squamish Nation-owned companies; 179 Indigenous workers part of workforce.
- BC HydrocoreBC Hydro supplies renewable hydroelectric power to the Woodfibre LNG facility. BC Hydro is building additional power infrastructure (Woodfibre LNG Interconnection Project Stage 2) to ensure reliable access to clean power. BC Hydro generates 91% of its electricity from hydroelectric sources.
- BridgemansmajorVancouver-based Bridgemans provides and operates floating workforce accommodation vessels (floatels) for Woodfibre LNG construction workers. Provided MV Isabelle X (650 rooms) and MV Saga X (642 rooms) with environmental sustainability features including wastewater treatment, electric heat pumps, and onshore power connections.
- British Columbia Institute of Technology (BCIT)supportingBCIT partnered with Woodfibre LNG and Squamish Nation Training and Trades Centre to develop the Indigenous Operator Training Program, creating pathways into power engineering and process operator roles.
- Squamish Nation Training and Trades CentresupportingPartnered with Woodfibre LNG and BCIT to deliver the Indigenous Operator Training Program, creating career pathways for Indigenous workers in operations roles.
- Ocean WisesupportingWoodfibre LNG supports Ocean Wise's kelp restoration initiative ('Seaforestation') to revive critical underwater habitats in Átl'ḵa7tsem/Howe Sound.
- Government of Canada (Prime Minister Mark Carney's Administration)supportingFederal government approved Enbridge's $4 billion Westcoast pipeline expansion to serve LNG projects including Woodfibre LNG. The Major Projects Office established to fast-track new energy infrastructure. Prime Minister Carney's government has given LNG industry renewed optimism.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
Woodfibre LNG competitors and assessment
Company assessmentDirect peers
- LNG Canada: LNG Canada is a 14 MTPA LNG export facility under construction in Kitimat, BC, making it the most directly comparable Canadian LNG export peer to Woodfibre LNG in terms of geography, customer base (Asia), and project stage. Both are first-mover BC LNG export projects targeting global markets with lower-carbon positioning.
- Cedar LNG: Cedar LNG is a proposed 3 MTPA floating LNG export project in Kitimat, BC, majority-owned by the Haisla Nation with Pembina Pipelines as partner. It is directly comparable as a BC Pacific Coast LNG export project with strong Indigenous partnership structure, similar to Woodfibre's Squamish Nation model.
- Kitimat LNG: Kitimat LNG (formerly known as the KM LNG project) is a proposed BC LNG export project at the same Kitimat site as LNG Canada. It is comparable as a proposed Canadian Pacific LNG export facility competing for the same Asian buyer base and supply infrastructure as Woodfibre.
Broad incumbents
- Cheniere Energy: Cheniere is the largest US LNG exporter (Sabine Pass, Corpus Christi) with ~45+ MTPA capacity. It is comparable as a globally significant LNG export operator selling into the same Asian/European markets Woodfibre targets, though at much larger scale and with conventional (gas-fired) liquefaction technology.
- Venture Global LNG: Venture Global operates Calcasieu Pass, Plaquemines, and CP2 LNG export facilities in Louisiana targeting similar global markets. It is comparable as a major North American LNG export operator competing for the same Asian offtake customers as Woodfibre.
- NextDecade: NextDecade is developing the Rio Grande LNG export facility in Texas with carbon capture ambitions. It is comparable as a North American LNG export developer pursuing lower-carbon positioning, similar to Woodfibre's net-zero narrative.
- Sempra Infrastructure: Sempra Infrastructure is developing Cameron LNG (LA), Port Arthur LNG (TX), and Energía Costa Azul (Mexico) LNG export facilities. It is comparable as a major North American LNG export infrastructure developer targeting Pacific and Gulf coast LNG markets.
- Freeport LNG: Freeport LNG operates a 15+ MTPA LNG export terminal in Texas. It is comparable as an operating North American LNG export facility selling into global markets and competing with Woodfibre for Asian buyers, though at larger conventional scale.
Emerging players
- New Fortress Energy: New Fortress Energy is developing small-to-mid-scale LNG infrastructure including floating LNG. It is comparable as an LNG infrastructure player pursuing faster-to-market, smaller-scale liquefaction and export solutions, similar in scale philosophy to Woodfibre's 2.1 MTPA approach.
- Tellurian: Tellurian is developing the Driftwood LNG export project in Louisiana. It is comparable as a mid-sized North American LNG export developer at a similar project stage to Woodfibre, though its project has faced repeated financing and partner challenges.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Woodfibre LNG social profiles
Digital presenceWoodfibre LNG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Woodfibre LNG leadership team
Management profileNumber of profiles
Profiles8 records
Woodfibre LNG funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Woodfibre LNG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Woodfibre LNG
What does Woodfibre LNG do?
Woodfibre LNG is building a liquefied natural gas (LNG) export facility near Squamish, British Columbia, designed to produce 2.1 million tonnes of LNG annually for export to global markets. The facility will be the world's first net-zero LNG export facility, using electric drive (E-Drive) compressors powered by BC Hydro's renewable hydroelectricity instead of conventional gas-fired turbines, with operations targeted to begin in 2027.
Is Woodfibre LNG a public or private company?
Woodfibre LNG is a private company. It is classified as corporate owned and is currently operating.
When was Woodfibre LNG founded?
Woodfibre LNG was founded in 2013. It employs 11 to 50 people.
Where is Woodfibre LNG based?
Woodfibre LNG is headquartered in Vancouver, Canada, in the North America region.
How does Woodfibre LNG make money?
Two revenue lines are on record. LNG Export Sales are the primary driver. The others are LNG Export Capacity.
Who are Woodfibre LNG's main competitors?
Direct peers on record are LNG Canada, Cedar LNG and Kitimat LNG. Broad incumbents are Cheniere Energy, Venture Global LNG, NextDecade, Sempra Infrastructure and Freeport LNG. Emerging players are New Fortress Energy and Tellurian.
Does Woodfibre LNG have an API?
No public API is recorded for Woodfibre LNG.
What industry is Woodfibre LNG in?
Woodfibre LNG's product category is LNG Export Services. Its primary akta.pro industry code is EUALAFAA, LNG Liquefaction Plants (Onshore & FLNG), with a secondary code of EUAAACAE, LNG Liquefaction (Export Terminals). Its NAICS code is 48621 and its SIC code is 4923.