Canada’s National Energy Board (NEB) has approved an application by Woodside Energy for a 25 year natural gas export licence.
The export point would be in British Columbia and it would have a licence with a maximum term quantity of 807billion cubic metres.
The board said when evaluating gas and LNG export licence applications, it considers the quantity of gas proposed to be exported and whether it is surplus to Canadian requirements.
A spokesman said: “We have determined that the quantity of gas proposed to be exported by Woodside Energy is surplus to Canadian needs.
“The Board is satisfied that the gas resource base in Canada, as well as North America overall, is large and can accommodate reasonably foreseeable Canadian demand, the natural gas exports proposed in this Application, and a plausible potential increase in demand.”
The issuance of this licence is subject to the approval of the Governor in Council.
For more oil and gas news click here.
Recommended for you
