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Petronas Forging Ahead with $27B Pacific Northwest LNG Project

Bloomberg, December 29, 2016

Malaysia's state-owned Petronas is seeking to move ahead with the proposed $27 billion liquefied natural gas project in western Canada after identifying a new site in British Columbia for shipping the fuel, a shift that may help reduce costs and quell local opposition. The Pacific NorthWest LNG project would continue as planned with the liquefaction plant on Lelu Island in British Columbia. The company would move the docking facilities to neighboring Ridley Island, where ships would berth to take deliveries of the fuel for export, according to two people familiar with the negotiations. Such a re-design would eliminate the need for a costly suspension bridge that was part of the original plan and also circumvent an environmentally sensitive marine area that’s been a flash point of controversy.

Industrial Developments on Ridley and Lelu Islands (Image courtesy of www.oceanecology.ca)

Industrial Developments on Ridley and Lelu Islands

(Image courtesy of www.oceanecology.ca)

 

 

Click here to read the full article from Bloomberg.


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