Malaysia's Petronas May Consider Relocating Canada LNG Project

Reuters

KUALA LUMPUR, Feb 13 (Reuters) - Malaysia's state-owned oil firm Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency Bernama said on Monday quoting Chairman Mohamad Sidek Hassan.

He said the company, better known as Petronas, would relocate the $27 billion Pacific NorthWest LNG project if the Canadian authorities find the move necessary.

Petronas holds a majority stake in the project, which has come under fire from environmental groups and aboriginal communities who say it will increase greenhouse gas emissions and destroy a critical salmon habitat.

Media reports said that Petronas had identified a new location for the plant to cut costs and address environmental concerns.

(Reporting by Emily Chow; Editing by Christian Schmollinger)

Copyright 2017 Thomson Reuters. Click for Restrictions.

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