Petronas delays Canadian LNG project

摘要

Malaysia’s state-owned energy firm Petronas has delayed taking a final investment decision (FID) on its proposed C$36bn ($31bn) Pacific Northwest LNG export project in Canada’s British Columbia province, citing falling oil prices. Petronas, which owns 62pc of the planned 13mn t/yr liquefaction project, says the economic viability of the project is threatened by declining oil prices, which worsens the prospects of returns from the expensive greenfield project.