Business Daily Media

Men's Weekly

.

Woodfibre LNG Sets New Benchmark as World’s First Net Zero LNG Export Facility

SINGAPORE - Media OutReach Newswire - 26 May 2025 - Woodfibre LNG, a subsidiary of Pacific Energy which is a member of the Royal Golden Eagle (RGE) group of companies, is setting a new benchmark for responsible natural gas export.

At its new liquefied natural gas (LNG) facility under development in British Columbia, the company is on track to become the world's first net zero LNG export facility – achieving net zero not only during operations, but also throughout the construction phase.

This groundbreaking commitment to sustainability is being realised through a combination of best-in-class technologies, low-emission operations and nature-based carbon offsets. Together, these efforts are setting a new standard for minimising environmental impact in the global LNG industry.

Ratnesh Bedi, President of Pacific Energy, said, "Achieving net zero emissions means balancing the amount of greenhouse gases emitted with those removed or offset. At Woodfibre LNG, this balance is not theoretical, it's operational. By integrating advanced emissions-reduction technologies with robust offset strategies, the facility aims to produce LNG with one of the lowest carbon intensities in the world. We are not waiting for the future – we are building it now. This project sets a new standard for how energy can be produced responsibly, and it reflects our long-term commitment to accelerating the global transition to a low-carbon economy while meeting the world's growing energy needs."

At the heart of the facility's emissions reduction is the E-Drive system, which uses electric compressors powered by renewable hydroelectricity for the liquefaction process. This innovation alone is projected to cut more than 230,000 tonnes of CO2e annually – equivalent to taking 70,000 cars off the road.

Other emissions reduction initiatives include re-liquefying boil-off gas to prevent atmospheric release, capable of avoiding over 11,000 tonnes of CO2e per year, and introducing air-cooling systems (replacing traditional seawater cooling), developed in line with the Squamish Nation Environmental Assessment Agreement, which can reduce an additional 3,000 tonnes of CO2e annually. These measures support Woodfibre LNG's target of achieving a carbon intensity of just 0.04 tonnes of CO2 per tonne of LNG produced, far below the global industry average.

To neutralise any remaining emissions, Woodfibre LNG will purchase locally developed, nature-based carbon offsets from projects affiliated with First Nations partners. These projects focus on forest conservation – protecting vital forest ecosystems that absorb and store carbon dioxide over time. All emissions data and offset projects are validated by Brightspot Climate, ensuring compliance with British Columbia's stringent regulatory requirements and upholding transparency in reporting.

"Woodfibre LNG's approach demonstrates that net zero is not just a future goal. It's achievable today with the right combination of innovation, collaboration and accountability," said Ratnesh. "We are proud to lead the way in building a cleaner, more responsible energy future."

The Woodfibre project marks a significant milestone in the global energy transition, proving that LNG can be delivered with a smaller carbon footprint – without compromising performance, safety or environmental stewardship.
Hashtag: #RGE #RoyalGoldenEagle #WoodfibreLNG #PacificEnergy #liquefiednaturalgas #LNG #NetZero


The issuer is solely responsible for the content of this announcement.

News from Asia

CTF Life Takes the Lead in Voluntary ESG Disclosure

Building a More Sustainable Ecosystem and Creating Value Beyond Insurance HONG KONG SAR - Media OutReach Newswire - 27 January 2026 - CTF Life has published its first standalone ESG (Environmenta...

SKG Unveils Integrated Cloud Logistics Ecosystem in Hong Kong, Aligning with Global Financial & Logistics Hub Strategy

Deep Collaboration with Hong Kong-Based KEC to Co-Develop AI Logistics Platforms, Fueling Global Expansion HONG KONG SAR - Media OutReach Newswire - 27 January 2026 - Smart Kreate Group Limited (S...

YesAsia Holdings Expects Revenue and Net Profit Growth for 2025

HONG KONG SAR – Media OutReach Newswire - 27 January 2026 - YesAsia Holdings Limited ("YesAsia Holdings", and together with its subsidiaries, the "Group") (02209.HK), a leading e-commerce platfor...

Aurastone Announces Malaysia Expansion With New Johor Fabrication Hub and Design Showroom

Aurastone’s dedicated fabrication facility and curated slab showroom now support Malaysia’s growing demand for modern surface solutions. JOHOR BAHRU, MALAYSIA - Media OutReach Newswire - 28 Januar...

Experience Elevated Luxury at The Ritz-Carlton, Hong Kong

Unveil a New Level of Sophistication Transforming the Stays HONG KONG SAR - Media OutReach Newswire - 28 January 2026 - The Ritz-Carlton, Hong Kong is delighted to announce a collection of curated...

TUMI Unveils The Next Generation Of The Tumi Alpha Collection With Campaigns Starring Lando Norris And Wei Daxun

Global Brand Ambassador Lando Norris and Asia-Pacific Brand Ambassador Wei Daxun gear up to launch the latest evolution of TUMI Alpha. HONG KONG SAR - Media OutReach Newswire - 28 January 2026 - T...

Leading with Excellence, Honored with Distinction | Ming Tak Financial (MTF) Clinches "Most Growth-Potential Broker 2025" at the 2026 Golden Honor Awards

HONG KONG SAR - Media OutReach Newswire - 28 January 2026 - As the global economic landscape grows increasingly complex, precious metals and foreign exchange markets have become pivotal hubs for i...

Mobile Legends: Bang Bang charts global ambitions with five-region esports overhaul, M8 World Championship breaks ground in Türkiye and Thailand

The M7 World Championship becomes the most-watched mobile esports event of all time with 5.68 million Peak Concurrent Viewers (PCV), according to Esports Charts. JAKARTA, INDONESIA - Media OutRea...

MemeStrategy Debuts Museum-Quality "Grade10 Vault" for Pro Trading Card Collectors

HONG KONG SAR - Media OutReach Newswire - 28 January 2026 - MemeStrategy, Inc. (HKEX:2440), a Hong Kong-listed digital asset company, today takes a major step toward building a comprehensive trad...

KPMG: Tech executives double down on AI, talent, and adaptive strategies to lead in the Intelligence Age

HONG KONG SAR - Media OutReach Newswire - 28 January 2026 - KPMG's Global tech report 2026 reveals that organizations worldwide are moving beyond pilots and seeking to embed AI into core workflow...

Refunds to Revenue: AI and loyalty perks help retailers in post-holiday hangover

Australian retailers are turning to artificial intelligence to simplify and automate returns and exchanges, while strengthening loyalty programs a...

Stop reading from the script: Why authenticity is the customer success secret weapon

I’ve been in customer service for years now. As my team has grown, the number one piece of advice I give is to be your...

From Check-in to Touchdown: How AI and smarter systems are transforming the travel industry

Richard Valente, VP of Customer Experience Strategy at TP in Australia, explores how IT-BPM outsourcing is revolutionising the travel sector throu...

Online Christmas shoppers fund climate and biodiversity projects via HealthPost's Click Sphere for Good initiative

Online shoppers with HealthPost’s Flora & Fauna have made 11,000 contributions towards climate and biodiversity projects when ordering parcel ...

US landmark settlement protects SMEs, highlighting flaws in the RBA's proposed blanket card surcharging ban for Australia

Aussie SMEs warn RBA not to ignore global trends, with the current sledgehammer approach threatening business viability and increasing inflation ...

Thryv Australia named Employer of Choice for third consecutive year at Australian Business Awards

Thryv® (NASDAQ: THRY), Australia’s provider of the leading small business marketing and sales software platform, has been awarded the Employer of ...