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 has silently withdrawn from its Grassy Point LNG project on the North Coast of B.C.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



shannon.lough@thenorthernview.com

Like us on Facebook and follow us on Twitter

Grassy Point LNGLNG

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

CRD gives temporary use permit for mud racing

Applicants had originally searched for rezoning

Grants for assistance extinguished for independent fire departments within Cariboo Regional District

Ten fire departments will be impacted, CRD-funded and managed fire departments will not be impacted

Bighorn sheep undergoing COVID-like test

‘If only the bighorn sheep knew to socially-distance from their domestic cousins’

Dynamic Reforestation tree planters donate $8,400 to Cariboo food banks

‘Right now I have almost 90 workers in the 100 Mile District’

VIDEO: B.C. dentist gets grand welcome home after two months in hospital fighting COVID-19

Michael Chow was given a surprise send off by hospital staff and ‘welcome home’ from neighbours

‘Like finding a needle in a haystack’: Ancient arrowhead discovered near Williams Lake

The artifact is believed to be from the Nesikip period between 7,500 BP to 6,000 BP

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

Friends, family mourn Salt Spring Island woman killed in suspected murder-suicide

A GoFundMe campaign has been launched for Jennifer Quesnel’s three sons

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Indigenous chief alleges RCMP beat him during arrest that began over expired licence plate

Athabasca Chipewyan Chief Allan Adam calling for independent investigation

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read