Petronas says to conduct review on Pacific NorthWest LNG project

Petronas plans to locate the Pacific NorthWest LNG project near Prince Rupert, BC on Lelu Island. Petronas image.

Pacific NorthWest LNG awaiting CEAA report

KUALA LUMPUR, Aug 9 (Reuters) – Malaysia’s state-owned oil and gas firm Petronas said it would conduct a total review of its proposed Pacific NorthWest LNG project in British Columbia before committing to a final investment decision (FID).

“Upon the finalisation of the report, we need to conduct a total review of the proposed project prior to tabling it to the project’s partners for FID,” Petronas said in a statement received on Tuesday, referring to an environmental report on the LNG project by the Canadian Environmental Assessment Agency (CEAA).

Petronas is waiting for the CEAA to finalise its report, which was resumed in late June after being put on hold in March when the environmental regulator requested more information from Petronas.

Petronas and its partners have been waiting about three years for a permit to build the Pacific NorthWest LNG export terminal in northern British Columbia.

(Reporting by Emily Chow and Julie Gordon; Editing by Richard Pullin)