PETRONAS Says FID for Canada's LNG Project Pending Review of EIA Report

Malaysia's Petroliam Nasional Berhad (PETRONAS) announced Wednesday that in response to recent press reports on the status of its Canadian liquefied natural gas (LNG) project, the company would like to issue the following statement:

PETRONAS, through its subsidiary Pacific NorthWest LNG (PNW LNG), is proactively taking steps to mature the project towards its Final Investment Decision.

Currently, the Canadian environmental impact assessment process for the PNW LNG project is still ongoing, following which a final report will be produced by the relevant agency to be submitted to the Government of Canada for approval.

PETRONAS, together with the project shareholders, will review the said final report and evaluate conditions attached to the report to further determine their impact on the overall cost structure and schedule of the project.

The outcome, reviewed together with the LNG market outlook and overall project commerciality, will be used to develop the proposal for an investment decision to be considered by the PNW LNG shareholders.

PETRONAS will update with more information as and when necessary.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

Most Popular Articles

From the Career Center
Jobs that may interest you
Pressure Equipment Integrity Engineer
Expertise: Chemical Engineering|Mechanical Engineering|Process Engineer
Location: Norco, LA
Concrete Finisher
Expertise: Laborer|Painting / Coating / Blasting|Workshop
Location: DC, DC
US, Kilgore, TX: Mechanic Technician I - III
Expertise: Mechanic|Mechanical Technician
Location: Kilgore, TX
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours