Pacific NorthWest LNG – Oil & Gas 360

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Canada Missed Out on Three ‘Nation-Building’ Energy Projects in 2017

October 13, 2017

Three major energy infrastructure projects have been cancelled in Canada in recent months. These were pipelines and related export facilities that would have taken Canada’s oil and natural gas into new markets and allowed Canadian producers additional revenue opportunities and a chance to grow their own production. The projects would have cemented Canada’s long-term energy viability, by transporting energy both

TransCanada to Be Reimbursed Following Pacific NorthWest LNG Dump

July 26, 2017

TransCanada Corporation (ticker: TRP) will be reimbursed for all of the costs and charges it incurred to develop the Prince Rupert Gas Transmission (PRGT) project, following the announcement from Pacific NorthWest LNG that it was cancelling its approximately $11 billion liquefied natural gas terminal. Pacific NorthWest LNG is an affiliate of the Malaysian oil and gas company, PETRONAS. The PRGT

Aboriginal and Environmental Groups Hope to Use Enbridge Precedent to Stop $36 Billion LNG Project

October 26, 2016

Groups plan to file lawsuits to stop BC LNG First Nations groups are planning to sue the federal government and the majority stake-owner of the Pacific NorthWest LNG project, Petronas, in order to halt the project on British Columbia’s northern coast. The $36 billion project includes a pipeline and terminal, and was conditionally approved by Canada’s federal government last month

Pacific NorthWest LNG Project Delayed for Another 3 Months

March 21, 2016

Ottawa asks for extra time for environmental assessment of Pacific NorthWest LNG Malaysia’s state-owned Petronas has hit yet another hurdle on the road to developing its Pacific NorthWest LNG project in British Columbia, Canada. The Canadian Environmental Assessment Agency (CEAA) requested three extra months to review the project, reports Reuters. The Canadian government in Ottawa said it remains committed to

B.C. Government Passes LNG Act Allowing it to Advance a $36 Billion Project with PNW LNG

July 23, 2015

Pacific NorthWest LNG Project is forecast to create 4,500 jobs and up to $8.6 billion in tax and royalties The government of British Columbia approved the Liquefied Natural Gas Project Agreements Act yesterday after a special summer session. The bill gives the province authority to enter into LNG project agreements, reports CBC. With the bill passed, B.C. can now move

B.C. Releases Details on $36 Billion Tax Deal with Pacific NorthWest LNG

July 7, 2015

Pacific NorthWest LNG will be exempt from tax hikes for 25 years British Columbian Finance Minister Mike de Jong released the details of the province’s deal with Petronas-led Pacific NorthWest LNG (PNW LNG) in order to attract a Final Investment Decision (FID) on the company’s liquefied natural gas (LNG) project. B.C. will compensate PNW LNG for any raises on the

Pacific NorthWest LNG Announces Final Investment Decision

June 12, 2015

Pacific NorthWest announces a conditional FID Petronas-led Pacific NorthWest LNG announced today that the technical and commercial components of the project have been met, and the company plans to move forward with the final investment decision (FID) on two conditions, according to a company press release. The first is the approval of the Project Development Agreement by the Legislative Assembly

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