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 2017 >>
MTWTFSS
30 31 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 1 2 3 4 5

CIMPC 2017

The 2017 Chine International Marine Corrosion & Protection Technology and Innovation and Application Development Forum will be held in March in Shanghai, China.

The Forum will continue to maintain a high standard, specialization, and internationalization. In addition to focusing on marine areas, it will also extend to the corrosion and protection of land and air engineering.  By showing the outstanding results of China in the aspects of corrosion technology research and engineering applications, as well as by introducing the advanced anti-corrosion technology and products, it is aimed to promote the development of China’s corrosion & protection technology and engineering application.

More info

read more >

Papua New Guinea Petroleum & Energy Summit

Capitalise on the Exciting Commercial Opportunities in the Papua New Guinean Oil & Gas Sector

read more >

NGV Global 2017

The NGV GLOBAL 2017 Conference will bring together leaders in the world natural gas for vehicles to discuss current trends, development…

read more >

Gastech Conference & Exhibition

Gastech Conference & Exhibition represents and addresses the current commercial and technical challenges spanning the entire natural gas & LNG supply chain..

read more >