Canada to invest CAD 200 million in Woodfibre LNG to expand output by up to 24%

FinanceInternationalInspenetNov 13, 2026, 9:04 AMAI summary

Canada will allocate 200 million Canadian dollars (about 140 million US dollars) to the Woodfibre LNG project, under construction near Squamish, British Columbia. The funding will allow the planned liquefied natural gas production capacity to rise by up to 24%, from 2.1 million tonnes per year to between 2.5 and 2.6 million. The funds will be used for improvements to cooling systems and for the anchoring of floating storage tanks. The project is owned by Enbridge and Pacific Energy and aims to start operations in late 2027.

In 40 seconds

Canada will contribute 200 million Canadian dollars, equivalent to about 140 million US dollars.
Capacity would rise from 2.1 to between 2.5 and 2.6 million metric tonnes of LNG per year, up to 24% more.
The resources will go to cooling system upgrades and the anchoring of floating storage tanks.

Read the full story at Inspenet

IASummary generated by artificial intelligence from a story by Inspenet. It may contain errors: the original source prevails.

GNL
Canadá
Enbridge
energía
inversión

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Canada to invest CAD 200 million in Woodfibre LNG to expand output by up to 24%

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