Canada’s Pacific NorthWest LNG project cancelled

摘要

Malaysia’s Petronas, the lead developer of Canada’srnproposed Pacific NorthWest LNG export terminalrnannounced July 25 that it has decided to cancel the projectrnas the forecast global glut of LNG had made such a facilityrnuneconomic. “We are disappointed that the extremelyrnchallenging environment brought about by the prolongedrndepressed prices and shifts in the energy industry have ledrnus to this decision,” Petronas Executive Vice President andrnUpstream CEO Anuar Taib said.