Malaysian energy company PETRONAS is apparently back as an active LNG player in Canada, with the announcement today that it is buying a 25% equity stake in LNG Canada. LNG Canada is a proposed natural gas export project that is planned for Kitimat, British Columbia, Canada. The move was unexpected after PETRONAS withdrew from the $36 billion Pacific NorthWest LNG
Pending a final investment decision this year From Reuters/CBC The chief executive of the LNG Canada project on British Columbia’s northern coast said on Tuesday that the company was committed to starting construction on the $40 billion liquefied natural gas export project this year. An investment decision on the terminal in Kitimat, B.C., was delayed in 2016, due to sagging oil
From the VANCOUVER SUN VICTORIA — While B.C. continues to wait — and wait — for the first big liquefied natural gas project, the province’s public sector pensions have quietly been investing millions in a rival LNG exporter based in the U.S. Cheniere Energy, operator of one LNG terminal in Louisiana and nearing completion of a second in Texas, reported
