Petronas and 3 others get Canadian regulator LNG exports permit


The regulator gave permits to Petronas' Pacific Northwest LNG project, along with a BG Group Plc's Prince Rupert LNG project. The WCC LNG project backed by Exxon Mobil Corp and Imperial Oil Ltd also received a 25-year license to export the fuel along with a project proposed by the privately held Woodfibre Natural Gas Ltd.

The approvals are the latest for the nascent industry, following applications from other would-be projects such as the Kitimat LNG plant planned by Chevron Corp and Apache Corp. The projects are looking to take gas from Western Canada's massive shale fields to high-paying Asian markets, though none have yet been approved by their backers.

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