June 26 (Reuters) - PACIFIC OIL & GAS LIMITED (PO&G):
* WOODFIBRE LNG EXPORT PTE LTD SIGNED BINDING LNG SALES AND PURCHASE AGREEMENT WITH BP (LON:BP) GAS MARKETING LIMITED (BP) FOR DELIVERY OF LIQUEFIED NATURAL GAS FROM WOODFIBRE'S EXPORT FACILITY IN SQUAMISH, BRITISH COLUMBIA
* UNDER THE TERMS OF AGREEMENT, BP WILL RECEIVE 0.75 MILLION TONNES PER ANNUM (MTPA) OF LNG OVER 15 YEARS ON A FREE ON BOARD (FOB) BASIS, WITH FIRST DELIVERY EXPECTED IN 2023
* WOODFIBRE LNG PROJECT INVOLVES CONSTRUCTION AND OPERATION OF LNG EXPORT FACILITY THAT WOULD PRODUCE ABOUT 2.1 MTPA OF LNG