Petronas’ US$8.5bil gas plan in Canada gets boost


If Shamsul

CALGARY: Petroliam Nasional Bhd’s (Petronas) proposed C$11bil (US$8.5bil) liquefied natural gas export plant in Canada is getting a boost as an aboriginal community signals openness to the project amid speculation that the location may be changed.

The Lax Kw’alaams Band, which opposes the current venue in British Columbia, is optimistic that it will be moved, according to Mayor John Helin, whose community members endorsed talks on compensation for impacts on their traditional lands. The group is set to meet in the coming days with officials from the Pacific NorthWest LNG project and provincial and federal governments.

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Business , Petronas , Canada , gas , oil , Mayor John Helin , stocks , shares ,

   

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