Both Malaysian state-owned oil major Petronas and the British Columbia (BC) provincial government refuse to throw in the towel on the Petronas-led C$36 billion (US$32 billion) Pacific Northwest LNG project in BC. On Friday, Petronas said that in the coming weeks it will announce a “conditional” final investment decision (FID) on its proposed terminal. The… Keep reading →
A staggering C$1.149 billion ($958 million) – that’s how much money developers had offered the Lax Kw’alaams Band, a First Nation community of 3,600 on British Columbia’s northwest coast, for clearance to build a liquefied natural gas terminal in their territory. They said no. “Hopefully, the public will recognize that unanimous consensus in communities (and… Keep reading →
British Columbia’s (BC) once high-flying liquefied natural gas (LNG) ambitions are taking yet another hit. The one-time goal of the Canadian province to have several LNG projects exporting gas to the Asia-Pacific market has already stalled amid plunging global oil and natural gas prices. Now, the Petronas–led C$36 billion (US$32 billion) Pacific Northwest LNG Project… Keep reading →
