The start of construction on a liquefied natural gas (LNG) export terminal in British Columbia, Canada, has been postponed because of low gas prices, according to Reuters.
Woodfibre LNG – part of the Singapore-based, Indonesia-founded RGE Group – was supposed to start work on the $1.3bn facility at Howe Sound near Squamish this year but now it has been pushed back to some time in 2018.
Front-end engineering and design (FEED) for the plant is already done and the next phase will be engineering, procurement and construction (EPC).
The Woodfibre LNG project was previously expected to be the first completed of several proposed LNG export terminals on Canada’s west coast.
