Pacific NorthWest LNG Project Cancelled

26 July 2017

Petronas and its partners have announced the cancellation of the Pacific NorthWest LNG liquefaction (PNW LNG) project in British Columbia.

The US$27 billion, three-train liquefaction plant was to be built on Lelu Island, near Prince Rupert. While there were environmental concerns over the project, the company cited economic challenges facing the LNG market as drivers for the decision.

“We are disappointed that the extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry have led us to this decision,” Anuar Taib, Chairman of the PNW LNG Board, said. “PETRONAS and its North Montney Joint Venture partners remain committed to developing their significant natural gas assets in Canada and will continue to explore all options as part of its long-term investment strategy moving forward.”

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, CompressorTech² News features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
ADNOC and bp enter JV
Plan to grow gas portfolio in Egypt
The history of the gas compression industry comes to life
Norm Shade’s upcoming book highlights 150 years of products, technologies and companies
Solar Turbines has new president
York replaces Pellette at Caterpillar subsidiary