Middle East Buyers Interested in LNG Cargoes from Canada, Pacific Energy Says

Buyers in the Middle East are looking to secure liquefied natural gas from Canada as a hedge against geopolitical turmoil, the president of the company that majority-owns Canada's Woodfibre LNG project said. Ratnesh Bedi, president of Singapore-based Pacific Energy — which owns a 70% stake in the Woodfibre project currently under construction on Canada's Pacific Coast near Squamish, BC — said in an interview that his company is fielding inquiries from Middle Eastern buyers even though the project's 2.1 million tons per year of capacity is already fully contracted to BP.