Woodfibre LNG, an arm of Pacific Oil & Gas, Ltd., is among the ongoing energy and natural resources-related companies within the RGE Group established by Indonesian-born businessman and philanthropist Sukanto Tanoto. Under the leadership of Mr. Tanoto and his daughter Imelda, the lead director at Woodfibre, the company is currently underway with plans to export liquefied natural gas from a port in British Columbia to rapidly growing Pacific Rim markets.
As part of its preparation at this stage of the project, Woodfibre is working to supply the provincial government with information that will factor into an environmental assessment, a necessary component for the project to move forward. Should plans for the project reach a final stage by 2015, the company expects to begin supplying LNG to Asian markets by 2017, making it significantly more nimble and responsive to market demands than larger brands such as Royal Dutch Shell, Chevron, and Malaysia’s Petronas.
In this and numerous other international development projects, the Tanoto family’s goal is to create long-term stability and profitability for both the company and the local communities involved, and to comply with all relevant environmental requirements. Woodfibre has held several public forums designed to improve communications with the residents of Squamish, the port town near the company’s proposed liquefaction and export hub. The forums provide members of the local community with the opportunity to question executives directly and to bring forward concerns. In October 2014, Woodfibre sponsored a “telephone town hall” meeting where residents called in to speak with the corporate team. Earlier in 2014, Woodfibre leaders held two community consultation meetings, at which they solicited input from all stakeholders.
Woodfibre also continues to maintain its Facebook page as an avenue for public inquiry and information dissemination. The company additionally produces informative mailings, addressed to Squamish residents, with updates on various aspects of the project. These practices also serve to apply Mr. Tanoto’s business philosophy of placing the wellbeing of local communities on an equal standing with corporate growth.
To learn more, the public may access the company’s website at WoodfibreLNG.ca, where the company has published information recorded at the 2014 community meetings.