Woodfibre LNG Will Use Electricity Rather Than Natural Gas in Squamish

Oil and Gas Investing

The Vancouver Sun reported today that natural gas producer Woodfibre LNG will use electricity instead of natural gas to power a new plant in squamish. The company hopes to reduce greenhouse gas emissions and to address ‘social licence’ issues by using electricity, according to the Sun.

The Vancouver Sun reported today that natural gas producer Woodfibre LNG will use electricity instead of natural gas to power a new plant in squamish. The company hopes to reduce greenhouse gas emissions and to address ‘social licence’ issues by using electricity, according to the Sun.

As quoted in the publication:

The use of BC Hydro electricity, instead of natural gas, will reduce greenhouse gas emissions by 80 per cent as well as other smog pollutants, according to the company, a subsidiary of Indonesian billionaire Sukanto Tanoto’s company Royal Golden Eagle. Although electricity is more expensive than gas, the decision was a direct response to public concerns, said Woodfibre LNG vice-president corporate affairs Byng Giraud.

Click here to read the full Vancouver Sun article.

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