Petronas Reaffirms Commitment to Build LNG Export Terminal

The Globe and Mail reports that Petronas executive vice-president Wee Yiaw Hin reaffirmed Petronas’ commitment to build a 11.4 billion export terminal on Lelu Island in British Columbia. Petronas issued a statement yesterday that it “would like to reaffirm its commitment to deliver long-term LNG supply to its customers through the Pacific NorthWest LNG project in [British Columbia,] Canada, despite the current market volatility for oil and gas, [and] [t]ogether with its partners, Petronas is ready to proceed with the project on the condition that it receives the remaining regulatory approval from the Canadian Environmental Assessment Agency.”


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