No go for another LNG project in British Columbia - Business News | The Star Online

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No go for another LNG project in British Columbia


CNOOC Ltd’s wholly-owned subsidiary Nexen Energy and Japanese partner Inpex Corp have decided not to go ahead with their proposed project in Canada. - Reuters pic

CNOOC Ltd’s wholly-owned subsidiary Nexen Energy and Japanese partner Inpex Corp have decided not to go ahead with their proposed project in Canada. - Reuters pic

CALGARY, Alberta: CNOOC Ltd’s Nexen Energy and Inpex Corp will end the feasibility study for the Aurora liquefied natural gas project in Canada’s British Columbia province, the former company said in a statement on Thursday.

“Aurora LNG has determined that the current macro-economic environment does not currently support the partners’ vision of developing a large LNG business,” the company said. - Reuters

(In July. Petronas had aborted its majority-owned C$36bil Pacific NorthWest LNG project on Lelu Island in British Columbia given the low LNG prices.)

Oil & Gas , Petroliam Nasional Bhd , Canada

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