Woodfibre LNG

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.

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

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

• Liquefied natural gas
• LNG export facility
• Net zero LNG
• LNG production
• LNG export terminal

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. 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.
2. 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

Core 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

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core, major and supporting.

• Sḵwx̱wú7mesh Úxwumixw (Squamish Nation)coreStrategic or Co-development PartnerSquamish 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 HydrocoreStrategic or Co-development PartnerBC 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.
• BridgemansmajorImplementation/ SI/ Consulting PartnerVancouver-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)supportingStrategic or Co-development PartnerBCIT 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 CentresupportingStrategic or Co-development PartnerPartnered with Woodfibre LNG and BCIT to deliver the Indigenous Operator Training Program, creating career pathways for Indigenous workers in operations roles.
• Ocean WisesupportingStrategic or Co-development PartnerWoodfibre 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)supportingOthersFederal 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

Direct 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

• Xx.com/WoodfibreLNG_

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Woodfibre LNG