Tag: Petronas
Petronas expects LNG market to remain oversupplied until 2023
LNG market swamped by US, Australian production The chief executive of Malaysia’s state-owned energy company, Petronas, says he expects the global LNG market to remain oversupplied until as late as 2023. With increased supply from Australia and the United States, prices have fallen; Asian spot LNG prices are now down by about 70 per cent […]
Time for BC journalists to ask energy economists why Petronas cancelled Pacific NorthWest LNG?
BC media habitually reports on energy news stories without interviewing energy economists, Pacific NorthWest LNG just latest example Are John Horgan and the BC NDP responsible for Petronas’ decision to cancel the $27 billion Pacific NorthWest LNG project? One would certainly think so after reading the bilious commentary since the Malaysian company made its decision […]
Petronas kills $27 billion Pacific Northwest LNG project, cites low prices, too many competitors
Malaysia’s energy company says it remains committed to developing gas assets in Canada Petronas and its partners have decided not to proceed with the Pacific NorthWest LNG project at Port Edward in British Columbia, Canada, according to a press release. The decision was made after a careful and total review of the project amid changes […]
Saudi Aramco to invest $7 billion in Petronas RAPID oil refinery
Aramco to provide up to 50 per cent for RAPID oil refinery KUALA LUMPUR, Feb 27 (Reuters) – Malaysia’s Prime Minister Najib Razak announced on Monday that Saudi Arabia’s state oil company Saudi Aramco will invest $7 billion into the RAPID oil refinery and petrochemical project in Malaysia’s southern state of Johor. Najib said the decision […]
Petronas may consider relocating Pacific NorthWest LNG project
Planned Pacific NorthWest LNG could be moved to cut costs, address environmental concerns KUALA LUMPUR, Feb 13 (Reuters) – Malaysia’s state-owned oil firm Petroliam Nasional Bhd may consider relocating the proposed Pacific NorthWest LNG export terminal project, state news agency Bernama said on Monday quoting Chairman Mohamad Sidek Hassan. He said the company, better known […]
Environmental review of Pacific NorthWest LNG project continues
Pacific NorthWest LNG project led by Petronas VANCOUVER, June 27 (Reuters) – The environmental review of a the Pacific NorthWest LNG project in western Canada has resumed, starting the clock on a final three-month extension granted by the federal government, Canada’s environmental regulator said on Monday. Petronas and its partners have been waiting about three years […]
BC LNG plant faces hurdle as coalition inks pact to save Skeena River
First Nations support against Petronas’s BC LNG plant overwhelming: Chief PRINCE RUPERT, B.C. _ A declaration to protect what environmentalists say is crucial salmon habitat in northwestern British Columbia could be the latest hurdle for development of a liquefied natural gas plant near Prince Rupert. A coalition of indigenous leaders, politicians and others has signed […]
Pacific NorthWest LNG: Conditional approval for $36 billion BC project
Pacific NorthWest LNG still must secure First Nation buy in, says BC minister A Malaysia-led consortium has made its final investment decision to go ahead with the huge Pacific NorthWest LNG, subject to two conditions, it announced Thursday. Pacific NorthWest LNG has become the first in British Columbia to announce conditional approval of a liquefied natural gas […]
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