Petronas

Global LNG Competition Stiffens: Who’s Got the Best Deal for Me?

May 10, 2017

Malaysia’s Petronas is looking to entice global buyers with smaller, shorter, more flexible LNG contracts and to eventually supply trucks and ships with the fuel Petronas, Malaysia’s state-owned energy company, and the world’s third-largest LNG exporter is exploring shorter-term contracts and smaller cargo sizes in an attempt to attract more buyers. LNG buyers have been looking for greater flexibility in

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

BC LNG Project Delay Highlights U.S.-Canadian Competition

December 5, 2014

News of delays to the Pacific NorthWest LNG Project have some Canadians concerned about Competitiveness Malaysian oil giant Petronas announced earlier this week that it will delay its decision about proceeding with its Pacific NorthWest LNG terminal, saying that estimated construction costs were too high, especially as the company has to find even stronger justification for new projects as oil

Oil & Gas 360® LNG Update

December 2, 2014

Freeport LNG Closes on $11 Billion in Financing for new Facility Freeport LNG Expansion, L.P. announced last week that it successfully closed on debt and equity financing commitments of approximately $11 billion in capital required for the development of the initial two trains of Freeport LNG’s natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. Commitments

British Columbia LNG: Government Approval is the Easy Part

November 26, 2014

The Environmental Assessment Office of British Columbia approved three separate liquefied natural gas (LNG) projects on November 25, 2014, two of which are located at Prince Rupert Island. The island, roughly 750 kilometers (465 miles) north of Vancouver, is proposed to be a major LNG export plant with an expansive customer base in Asia. Malaysia-based Petronas, along with large energy