Map of the now cancelled Grassy Point LNG project. (CEAA photo)

Australian company ends Grassy Point LNG project

Another liquefied natural gas project on the North Coast, B.C. ends its commitment

Woodside Energy Ltd. has silently withdrawn from its Grassy Point LNG project on the North Coast of B.C.

“In January 2018, Woodside elected not to renew its Sole Proponent Agreement for the Grassy Point LNG site on the north-west coast of British Columbia,” as stated Woodside Petroleum’s 2017 Annual Report released last month.

The liquefied natural gas (LNG) terminal site was proposed 30km north of Prince Rupert, near Lax Kw’alaams. The Australian company began geotechnical surveys on Grassy Point in 2014.

In 2015, the National Energy Board gave the project a licence to export 20 million tonnes of LNG a year for up to 25 years. There wasn’t much progression on the project following the March 2016 open house.

READ MORE: Which LNG projects are left in Prince Rupert

This is the latest LNG project on the North Coast to withdraw interest. In Dec. 2017, WCC LNG announced it was closing its office on First Avenue in Prince Rupert due to current LNG market conditions and economic uncertainties. Previous to that project, Nexen Energy backed out of its Aurora LNG project on Digby Island in September.

Interest in the Kitimat LNG project still remains. The report mentions the Kitimat project as the one of the “most advanced LNG opportunities in Canada.” Woodside has a 50/50 joint venture in the project with Chevron Canada Ltd.

While Woodside states in its annual report that it’s “engaging governments to establish a clear, stable and competitive fiscal framework”, its project partner, Chevron Corp, may be less certain. A report from Reuters on March 5 states that Chevron is possibly looking to sell a minority stake in the Kitimat LNG project.

Chevron’s communications lead, Ray Lord, responded to Black Press Media’s query stating that “Chevron is not in a position to comment on commercial matters, rumours or speculation.”

Meanwhile, in Shell’s LNG Outlook 2018 the company is predicting a global supply shortage for LNG by mid-2020s unless new production projects come online soon.

READ MORE: Aurora LNG backs out

Like us on Facebook and follow us on Twitter

Just Posted

Heartbreak in 2017 turns to jubilation in 2018 for TWU hockey

After coming close last season, Spartans hockey team captures first championship in program history

VIDEO: Officer knocked down by truck trailer in Langley City

IRSU investigator was looking for distracted drivers

Free parking not in the cards for Fraser Valley hospitals

Chair says board may look at ways to make parking easier, but not free

VIDEO: Fans line up to meet Riverdale stars

Actor Cole Sprouse treated fans in Langley to hugs, selfies and autographs

Talking about poverty reduction in Langley

Provincial Ministry of Social Development to hold Poverty Reduction Strategy community meeting

Ottawa proposes restricted pot labels, packages

Packaging will include red stop sign with marijuana leaf and ‘THC’

New Liberal bill would tighten controls on sale, licensing of firearms in Canada

Measures are intended to assist police in investigating gun trafficking and other crimes

Murder charges upgraded for B.C. man accused of killing wife and daughters

Crown approved new information on Jacob Forman’s file

5 to start your day

Some puppies need naming, a police-involved death in South Surrey and more

Janet Austin announced as B.C.’s new lieutenant governor

Austin has served as YWCA Metro Vancouver CEO since 2003

Ex-French president Sarkozy in custody on Gadhafi claims

Former French President Nicolas Sarkozy was placed in custody as part of an investigation that he received millions of euros in illegal financing

Hockey pioneer Kwong dies at 94

Vernon’s Larry Kwong was the first player to break NHL colour barrier in 1948

How Facebook likes could profile voters for manipulation

Facebook suspended Cambridge Analytica, a data-analysis firm worked for Trump’s 2016 campaign

Most Read