Enbridge buys 30% stake in Woodfibre LNG project and eyes more LNG investments

Enbridge said July 29 it will acquire a 30% stake in Pacific Energy’s Woodfibre LNG project in British Columbia as North America’s largest midstream company invests more heavily in the burgeoning Canadian LNG industry. The roughly $1.5 billion investment in Woodfibre comes with Enbridge also planning to spend at least $2 billion to expand the length and capacity of its…