PARIS — June 5, 2015: Petronas, which is currently awaiting environmental approval for its proposed liquified natural gas (LNG) export terminal project in Canada, is engaging with the Canadian aboriginal group known as First Nation to resolve issues related to the group’s concerns.
Its executive vice-president and chief executive officer of upstream Datuk Wee Yeow Hin said the national oil company is of the view that the proposed project has a good business case to proceed, although it has yet to make a final decision.
“We have not made a decision whether to proceed with the project. We’re hoping to make the decision soon. At the same time we have to work with the First Nation to resolve their concerns before we can proceed,” Wee told Bernama on the sidelines of the 26th World Gas Conference here.
The aboriginal group earlier rejected an offer of C$1 billion (C$1=RM2.97) in return for supporting the export terminal, saying the development would harm a fish habitat next to the site.
Asked whether consent from First Nation community is required for the project to proceed, Wee said this: “We will always make sure that we manage our stakeholders. Our (business) model is always to work with them.”
The Petronas-led Pacific NorthWest LNG project in northeastern British Columbia involves the construction of facilities to process and export natural gas to be produced by Progress Energy Canada Ltd.
An earlier report said the total investment by Petronas and its partners at roughly C$36 billion includes the construction of the export terminal near the northern city of Prince Rupert, a natural gas pipeline and ongoing gas development.
Vice-president of Global LNG Project Adnan Zainol Abidin said Petronas is waiting for the environmental permit from the federal regulator.
It received environmental approval from the provincial government last year.
“We can’t tell when exactly they are going to issue but we hope sooner than later. In terms of timeline, we hope to achieve something in weeks rather than months,” said Adnan.
Adnan said the group is working on multiple tracks, including working closely with the federal and provincial governments as well as the Canadian
Environmental Assessment Agency and continuing to engage First Nation to address their concerns.