Petronas to Invest USD 20 Bln in Pacific NorthWest LNG in Canada

Petronas to Invest USD 20 Bln in Pacific NorthWest LNG in Canada

Petronas of Malaysia expects investment of $20 billion in the Pacific NorthWest LNG export project in Canada, Reuters reported, citing Arif Mahmood, vice president of corporate planning at Petronas.

Petronas also may build a third train and the company is in talks with several buyers to sell stakes in the LNG export project.

What we’re looking for is actually potential partners where they will also be offtakers of the gas,” Mahmood said, adding that company will own at least 50 percent of the LNG project.

Pacific NorthWest LNG is a proposed liquefaction and export facility on Lelu Island within the District of Port Edward on land administered by the Port of Prince Rupert.

The facility would liquefy and export natural gas produced by Progress Energy Canada in northeastern BC.

LNG World News Staff, June 11, 2013; Image: Pacific NorthWest LNG

 

 

Share this article

Follow LNG World News

Events>

<< Feb 2016 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 1 2 3 4 5 6

Floating LNG

SMi’s 4th annual Floating LNG conference will feature an array of keynote addresses…

read more >

East Africa Oil and Gas Summit & Exhibition (EAOGS)

Now in its 4th year EAOGS once again has the official endorsement of the Ministry of Energy & Petroleum Kenya…

read more >

FLNG Safety Design Approach

The concept of FLNG, Floating Unit with topside Natural Gas Liquefaction Plant, has never been implemented so far in the world…

read more >

LNG Pricing, Trading & Risk Management – Singapore 2016

The global LNG market is rapidly growing in size and complexity…

read more >