Oil Price Slump Improves Viability of Petronas’ Proposed B.C. LNG Export Terminal

Lower oil prices have enabled Pacific NorthWest LNG (PNWLNG), majority-owned by Malaysian state oil company Petronas, to lock in significantly lower development costs for its proposed LNG export terminal at Port Edward, British Columbia, improving the project’s economic viability.  According to the Financial Post article, PNWLNG anticipates a final investment decision for the project by June 2015.


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