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Petronas committed to B.C. LNG project

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LNG Industry,

According to Reuters, Petroliam Nasional Bhd (Petronas) has confirmed its commitment to its LNG project in British Columbia (B.C.), Canada, regardless of the fall in oil and gas prices. The project, which was agreed to with B.C. in May 2015, includes an LNG export terminal near Prince Rupert, and a natural gas pipeline. The project is just one part of an overall CAN$36 billion investment from Petronas and its Canadian partners.

Wee Yiaw Hin, the CEO for Petronas’ upstream sector, said: “Petronas would like to reaffirm its commitment to deliver long-term LNG supply to its customers through the Pacific NorthWest LNG project in Canada, despite the current market volatility for oil and gas.

“Pacific NorthWest LNG has fulfilled the required technical and commercial components of the project and is looking forward to meeting future LNG market demands.”

Reuters reports that Petronas is now merely waiting on approval from the Canadian Environmental Assessment Agency (CEAA).

Edited from various sources by David Rowlands

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