ExxonMobil has pulled the plug on a $25 billion liquefied natural gas facility at Prince Rupert.
The company announced the withdrawal with a one sentence post on its website: “After careful review, ExxonMobil Canada Inc. and Imperial Oil Resources Ltd. have withdrawn the WWC LNG project from the B.C. Environmental Assessment process.”
WCC LNG was a proposed project to develop and operate a liquefied natural gas (LNG) export facility at Tuck Inlet in Prince Rupert, British Columbia.
The export facility would initially have had the capability to process up to 15 million metric tonnes of LNG per year for shipment to international markets, with potential to expand to approximately 30 million tonnes per year.
The project proponent, WCC LNG Project Ltd., is a federal corporation with its current shareholder being WCC LNG Holdings Ltd. The current shareholders of WCC LNG Holdings Ltd. are ExxonMobil Canada Ltd. and Imperial Oil Resources Limited.
In October, Royal Dutch Shell and its partners announced final investment approval for the $40-billion LNG Canada project, including a gas liquefaction plant in Kitimat and a 670-kilometre gas supply pipeline.