Petronas seeks Canadian community support for project

PETALING JAYA: Petroliam Nasional Bhd (Petronas), which is leading a group that is developing a multi-billion-ringgit liquefied natural gas (LNG) export terminal in Canada, is offering C$1.15bil (RM3.43bil) in compensation to a aboriginal community, as it seeks to win local support for the proposed project.

The benefits package offered by Pacific NorthWest LNG, TransCanada Corp and the British Columbia government was published on the community’s website.

Members of Lax Kw’alaams First Nation community will vote on the package, to be paid over 40 years, later this month.

The US$11bil (RM39bil) Pacific NorthWest LNG project involves the construction of facilities to process and export natural gas to be produced by Progress Energy Canada Ltd in northeastern British Columbia, Canada.

The facility is to be built on Lelu Island within the District of Port Edward on land administered by the Price Rupert Port Authority.

Pacific NorthWest LNG’s shareholders are Petronas, Sinopec, JAPEX, Indian Oil Corp and PetroleumBRUNEI.

The Lax Kw’alaams had previously accused the Petronas-led Pacific NorthWest LNG project of ignoring aboriginal concerns over the salmon habitat in northwestern British Columbia.

ProgressEnergy is Petronas’s Canadian gas exploration unit, which reportedly has proven cumulative reserves of 15 trillion cu ft of gas.

Petronas is still awaiting environmental approval from the Canadian government and has yet to make a final investment decision.

Oil & Gas , Corporate News , Petronas , Canada