There’s a chance Woodfibre LNG may enjoy better access to components needed for building its facility, as the Canada Border Services Agency is evaluating what should or shouldn’t be part of an anti-dumping tariff.
The agency announced on July 26 it would be looking into whether liquefied natural gas modules should be included as part of the Canadian International Trade Tribunal’s injury finding.
This investigation was triggered by Woodfibre, which, along with other LNG advocates, spoke out against anti-dumping fees the tribunal imposed on fabricated industrial steel components from China, Korea and Spain.
The fees were slapped onto those goods after the trade tribunal ruled in May 2017 those countries were exporting the products at below-normal prices to the detriment of the Canada’s economy. The tariffs could reach up to 45.8 per cent.
Woodfibre and other LNG advocates protested, saying there aren’t any Canadian manufacturers capable of manufacturing the modules required by the LNG sector.
The investigation is expected to conclude on or before Nov. 23.