LNG distribution facility. (Source: Shutterstock)
BP entered into its third long-term LNG offtake contract with Woodfibre LNG’s British Columbia, Canada-based LNG facility.
With the additional contract to offtake 0.45 million tonnes per annum (mtpa) of LNG for 15 years on a free on board basis, all of the LNG production from the Woodfibre LNG export facility is now committed for sale to BP, with firm offtake totaling 1.95 mtpa and the remainder on a flexible offtake basis.
This contract helps BP reach its 2030 goal of an LNG portfolio of 30 million tonnes and meet growing global natural gas demand.
In addition to securing LNG offtake rights from the project, BP will provide safe and reliable transportation of gas to the Woodfibre LNG export facility during the 15-year contact term.
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