Business

Petronas may relocate Canadian LNG project

390.fit-800,600

Syndicated News
Written by Syndicated News

KUALA LUMPUR — February 13, 2017: Petronas may consider relocating the Pacific NorthWest liquefied natural gas (LNG) export terminal project being planned in northern British Columbia.

This would be done if the Canadian authorities find the move necessary.

“We have to take into account various factors like it being poorly sited and also where it warrants,” Chairman Tan Sri Mohd. Sidek Hassanhe told reporters at a forum here today.

Sidek said this in response to the latest snag in the national petroleum company’s Petronas’ LNG plan, which is affected by Canada’s current political race.

In a report by Bloomberg, John Horgan, the leader of the province’s opposition New Democratic Party, had highlighted the LNG project during his
campaign recently, citing it was poorly sited.

Horgan vowed to find a better place and a better way to build the gas export terminal, should he become premier.

Petronas was reportedly considering changing its plans for the terminal to avoid a sensitive marine area that had become a controversial flash
point.

On Petronas’ ability to pay RM13 billion in dividend to the government this year and whether the company was considering revising it due to the increase in oil price, Sidek said, it was the amount that had been budgeted for. — Bernama

 

Comments

comments

About the author

Syndicated News

Syndicated News

News sourced from Bernama, Reuters, AFP and other accredited news agencies, including credible blogsites and news portals.