Petronas to start construction of LNG terminal in Canada in Sept


KUALA LUMPUR: Construction of Petroliam Nasional Bhd’s (Petronas) multi-billion ringgit liquefied natural gas (LNG) export terminal project in Canada is expected to start in September.

“We are awaiting the final environmental certificate. We are hoping by this fall. All of the other prerequisites have been dealt with now,” said British Columbia (BC) Finance Minister Michael de Jong.

The final puzzle piece that remains for the US$36bil (RM137.4bil) project, is the environmental certificate from Canada’s central government.

“Petronas and their partners are working through that exercise. We are optimistic that in the very near future that that work will be completed,” he told reporters here on Monday. 

The Petronas-led Pacific NorthWest LNG project in north-eastern BC, Canada, involves the construction of facilities to process and export natural gas to be produced by Progress Energy Canada Ltd.

The minister was on a visit to Malaysia to confirm the passage of BC’s legislation that allowed the ratification of the agreement between Petronas, its international partners, and the BC government.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

Consolidation among banks beneficial, spurs innovation
Maybulk to diversify into grocery retail business
Swift Haulage signs MoU with Volvo Trucks Malaysia
Ringgit under pressure as oil retreats and China cuts interest rates
Datasonic gets additional RM31.39mil contract
Protasco secures RM299.3mil road upgrading works contract
Mida, Perodua launch partnership to facilitate digitalisation of local automotive suppliers
Maybank appoints Siew Chan Cheong as group chief strategy officer
JCorp, Tiong Nam to develop logistics park in Sedenak Technology Valley
Glove counters slump, dominate active list on Bursa

Others Also Read