Overview

• Woodfibre LNG has applied for regulatory approval to install a second floating hotel, or 'floatel,' at its Squamish site to accommodate 900 additional workers.
• The second floatel, to be supplied and retrofitted by Bridgemans Services Group, would complement the existing MV Isabelle X, which has housed 650 workers with minimal community impact.
• If approved, the additional workforce capacity is expected to accelerate construction timelines for the LNG export facility, targeting a 2027 completion date.
• The company is working with Indigenous, municipal, provincial, and federal regulators to address concerns and secure approval by the end of 2025.
• The completed LNG facility is projected to produce 2.1 million tonnes of LNG annually, supporting Canada's energy market diversification and exports to Asia.