Canada announces C$200 million investment in Woodfibre LNG

By Tito Baron Media News Desk | November 13, 2026

Canada has announced a C$200 million investment in the Woodfibre LNG project near Squamish, British Columbia. A November 13 announcement published by Woodfibre LNG says Energy and Natural Resources Minister Tim Hodgson announced the funding.

The announcement says the funding will support production capacity of 2.5 to 2.6 million tonnes a year, compared with the original 2.1 million tonnes, and enable exploration of a potential second phase. The higher capacity and possible expansion are plans, not operating output.

Woodfibre LNG is being developed on the site of a former pulp mill on Howe Sound, approximately seven kilometres southwest of Squamish. The BC Energy Regulator lists its planned production capacity at about 2.1 million tonnes of LNG a year, using two processing units.

Construction began in autumn 2023. In an October 22 project update, Woodfibre LNG said the development was approximately 75% complete, with construction completion expected in mid-to-late 2027. Those estimates are the company’s own and are not a guarantee of when exports will begin.

The project is owned 70% by Pacific Energy Corporation (Canada) Limited and 30% by Enbridge, according to the company update. Its development is subject to federal, provincial, municipal and Squamish Nation requirements and approvals.

The investment concerns an existing export facility already under construction, rather than a newly proposed project.