Woodside abandons Grassy Point LNG venture to focus on Chevron’s Kitimat project

Perth-based Woodside Petroleum has chosen not to renew agreements to develop an LNG project at Grassy Point in British Columbia (BC), Canada,¬†instead¬†turning its attention to Chevron’s Kitimat LNG project, also located in BC.

Woodside paid 17 million Canadian dollars (roughly equivalent to Australian dollars) to the BC Government in 2014 for development at Grassy Point but has decided not to take thing further.

The Kitimat project is a 50/50 joint venture between Chevron Canada and Woodside Energy’s Canadian division, and focuses on the development of shale and tight rock formations in the Liard and Horn river basins in northeastern BC, to be transported via third-party for liquefaction at the Kitimat LNG facility in Bish Cove (also BC).

The project has a 20-year licence for 10 million tonnes (Mt) of LNG export per year.