The Australian gas company Woodside has decided to abandon its proposed 20 Mt/year (27 bcm/year) gas liquefaction project in Grassy Point, in British Columbia (Canada) and will now focus on the Kitimat LNG project, a 50/50 joint venture (JV) with the Canadian unit of Chevron. The Kitimat LNG project is more advanced, having already secured a permit to export 10 Mt/year of LNG over a 20-year period.
The first phase of the Grassy Point LNG project was planned to have a capacity of 6-15 Mt/year while the second phase was expected to raise the plant's capacity to 20 Mt/year.
This is the second blow to the Canada's LNG sector, after Petronas decided to cancel its Pacific NorthWest LNG project in August 2017. In the meanwhile, the construction of the small-scale C$1.6bn (US$1.3bn) 2.1 Mt/year Woodfibre LNG project in British Columbia has been delayed because of the increasingly challenging price environment.
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