Canadian LNG sector faces up to the inevitable

摘要

The $36bn Pacific NorthWest LNG export project on Canada's west coast will not proceed because it would not be competitive in the current market, the project's developer says. The decision is a major blow to Canada's LNG export plans. "The extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry have led us to this decision," Pacific NorthWest chairman Anuar Taib says.