CALGARY: Petronas’ decision to cancel its Pacific NorthWest LNG project is a blow to the growth outlook for Canada’s largest shale play, eliminating a potentially huge source of future gas demand.
Gas from the Montney shale play in western Canada would have supplied the C$36bil (US$28.7bil) project in northern British Columbia. The project, majority-owned by Petronas, would then have shipped 12 megatonnes per year of liquefied natural gas to Asia.
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