{"id":14545,"date":"2021-05-07T09:45:00","date_gmt":"2021-05-07T09:45:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/05\/07\/woodfibre-lng-signs-second-sales-agreement-with-bp-gas-marketing-limited\/"},"modified":"2021-05-07T09:45:00","modified_gmt":"2021-05-07T09:45:00","slug":"woodfibre-lng-signs-second-sales-agreement-with-bp-gas-marketing-limited","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/05\/07\/woodfibre-lng-signs-second-sales-agreement-with-bp-gas-marketing-limited\/","title":{"rendered":"Woodfibre LNG signs second sales agreement with BP Gas Marketing Limited"},"content":{"rendered":"<p> \n<\/p>\n<div id=\"\">\n                            <!--<a class=\"format-txt\" href=\"{baseURL}\/View\/{release.id}?_download=1\">View this article in .txt format<\/a>--><\/p>\n<p>SQUAMISH,&#13;<br \/>\nBRITISH COLUMBIA, CANADA &#8211;\u00a0<a href=\"https:\/\/www.media-outreach.com\/\">Media OutReach<\/a>\u00a0&#8211;\u00a07\u00a0May&#13;<br \/>\n2021 &#8211; Woodfibre LNG has taken another step toward shipping some of the world&#8217;s&#13;<br \/>\ncleanest LNG to Asian markets, where it can offset coal and displace millions&#13;<br \/>\nof tonnes of greenhouse gas every year.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>Pacific&#13;<br \/>\nOil &amp; Gas Limited&#8217;s (<b>PO&amp;G<\/b>) wholly-owned subsidiary, Woodfibre&#13;<br \/>\nLNG, has signed a second LNG Sales and Purchase Agreement (<b>SPA<\/b>) with BP&#13;<br \/>\nGas Marketing Limited <b>(BPGM<\/b>), a wholly-owned indirect subsidiary of BP&#13;<br \/>\nPlc, for the delivery of liquefied natural gas (<b>LNG<\/b>) from PO&amp;G&#8217;s&#13;<br \/>\nWoodfibre LNG export facility near Squamish, British Columbia. Under the terms&#13;<br \/>\nof the SPA, BPGM will receive 0.75 million tonnes per annum (MTPA) of LNG over&#13;<br \/>\n15 years on a free on board (FOB) basis. This latest SPA will increase BPGM&#8217;s&#13;<br \/>\ntotal LNG off-take to 1.5 MTPA, over 70 per cent of Woodfibre LNG&#8217;s future annual&#13;<br \/>\nproduction.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;Forward-looking&#13;<br \/>\ncompanies like BP are turning to projects like ours for sustainable, stable gas&#13;<br \/>\nthat will supply a clean energy mix,&#8221; said Ratnesh Bedi, PO&amp;G President. &#8220;We&#13;<br \/>\nlook forward to working with BPGM to deliver Canadian natural gas from one of&#13;<br \/>\nthe lowest carbon footprint LNG facilities in the world, and help advance the&#13;<br \/>\nclimate goals of growing economies as they phase away from coal, lower their&#13;<br \/>\nemissions, and meet net-zero targets.&#8221;\u00a0\u00a0 Pacific&#13;<br \/>\nOil &amp; Gas is a member of the Singapore-based RGE group of companies. Founded&#13;<br \/>\nby Sukanto Tanoto, RGE manages a group of resource-based manufacturing&#13;<br \/>\ncompanies with global operations.<\/p>\n<p>&#13;<br \/>\n&#13; <\/p>\n<p>&#8220;The&#13;<br \/>\nuse of renewable energy for e-drive power places Woodfibre \u2013 and Squamish \u2013 at&#13;<br \/>\nthe forefront of the world&#8217;s clean energy transition,&#8221; said Ron Bailey,&#13;<br \/>\npresident of Woodfibre LNG. <\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-05-07\/77231\/woodfibre-lng-signs-second-sales-agreement-with-bp-gas-marketing-limited\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SQUAMISH,&#13; BRITISH COLUMBIA, CANADA &#8211;\u00a0Media OutReach\u00a0&#8211;\u00a07\u00a0May&#13; 2021 &#8211; Woodfibre LNG has taken another step toward shipping some of the world&#8217;s&#13; cleanest LNG to Asian markets, where it can offset coal and displace millions&#13; of tonnes of greenhouse gas every year. &#13; &#13; Pacific&#13; Oil &amp; Gas Limited&#8217;s (PO&amp;G) wholly-owned subsidiary, Woodfibre&#13; LNG, has signed a &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14545"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=14545"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/14545\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=14545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=14545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=14545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}