Market Chatter: Enbridge's Woodfibre LNG Project to Receive $140 Million From Canadian Government

07:13 AM EST, 11/13/2026 (MT Newswires) -- Enbridge's (ENB) Woodfibre LNG project, which is under development near Squamish, British Columbia, is set to receive 200 million Canadian dollars ($140 million) in investment from the Canadian government, Reuters reported Friday, citing a person familiar with the matter. The investment is expected to lift the Woodfibre project's capacity by up to 24%. The project, which is also owned by Singapore-based Pacific Energy, was originally designed to produce 2.1 million metric tons of liquefied natural gas annually, all of which is contracted to BP (BP). The funding will increase capacity to between 2.5 million and 2.6 million metric tons through upgrades to cooling systems and the commissioning and mooring of floating storage tanks, the report added. The companies are considering a second phase of the project, with operations targeted to begin in late 2027. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)