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CALGARY, ALTA. — The CEO of the under-Â鶹´«Ã½Ó³»­ Woodfibre LNG ProjectStatusUnder ConstructionValue$5.1BLocation7 Km SW of Squamish, Squamish BCSectorPrivateTypeIndustrial · New ConstructionData as of June 11, 2026 in British Columbia says Ottawa’s push to market Â鶹´«Ã½Ó³»­ as a reliable energy supplier is starting to come to fruition. 

Luke Schauerte made his remarks in an interview on the sidelines of the Global Energy Show in Calgary, and shortly after another B.C. LNG project in development, Ksi Lisims LNG ProjectStatusDesignValue$10BLocation15 kilometres from the village of Gingolx, Nisga’a BCSectorPublic – FederalTypeIndustrialData as of June 11, 2026, signed preliminary supply deals with German utilities. 

He says the global LNG market is sophisticated and complex, allowing for so-called swap deals between buyers and sellers on opposite sides of the world — agreements that were seldom talked about just a few years ago. 

Most Canadian LNG projects are operating, under Â鶹´«Ã½Ó³»­ or planned for the northwest coast, but Woodfibre is further south, in Squamish, B.C. 

Schauerte says the project is 65 per cent complete, with the focus this year on connecting the various components and a startup targeted for next year. 

Woodfibre says it is the first industrial project to recognize a non-treaty Indigenous government, the Squamish Nation, as a full environmental regulator.

“I do see Canadian LNG as Indigenous LNG,” Schauerte said. 

Woodfibre is 70 per cent owned by Pacific Energy Corp., which is a unit of Singapore-based RGE group of companies. Enbridge Inc. holds the remaining stake. 

©2026 The Canadian Press