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


<< Nov 2015 >>
26 27 28 29 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 29
30 1 2 3 4 5 6

7th International LNG Shipping Conference

The International LNG Shipping Conference targets those who want to stay abreast of global changes in the industry…

read more >

Kurdistan-Iraq Oil & Gas Conference & Exhibition

The event, held under the high patronage of Kurdistan’s Ministry of Natural Resources, remains the one place where you will hear from the most well-known personalities of the global oil & gas industry

read more >

16th World LNG Summit & Awards Gala Dinner

The summit will provide a perfect opportunity to understand how key players are responding to the price fluctuations and what the outlook is for the future…

read more >

Design of LNG Fuelled Vessels Seminar

Design of LNG Fuelled Vessels Seminar evaluates the impact of tank and engine selection on design considerations and operation of LNG fuelled vessels.

read more >