KUALA LUMPUR : Malaysian state energy firm Petronas said on Friday it will announce a “conditional” final investment decision on its proposed liquefied natural gas export terminal in Canada in the coming weeks. <\/p>\n
This comes after the company reached a deal with British Columbia related to project on Wednesday. <\/p>\n
“With this recent development, we are looking to achieve a conditional final investment decision in the coming weeks,” President and Group Chief Executive Officer Wan Zulkiflee Wan Ariffin said at a press conference where the company announced its first-quarter earnings. <\/p>\n
“We will continue to have constructive engagements with the First Nation, and keep all avenues open as we move forward with our project,” he added. <\/p>\n
At roughly $36 billion, the total investment by Petronas and its partners includes the construction of the Pacific North West LNG export terminal near the northern city of Prince Rupert, a natural gas pipeline and ongoing gas development. <\/p>\n
The government deal comes a week after an aboriginal group rejected an offer of C$1 billion ($820.9 million) in return for supporting the export terminal, saying the development would harm a fish habitat next to the project site.<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR : Malaysian state energy firm Petronas said on Friday it will announce a “conditional” final investment decision on its proposed liquefied natural gas export terminal in Canada in the coming weeks. This comes after the company reached a deal with British Columbia related to project on Wednesday. “With this recent development, we are looking to achieve a conditional final investment decision in the coming weeks,” President and Group Chief Executive Officer Wan Zulkiflee Wan Ariffin said at a press conference where the company announced its first-quarter earnings. “We will continue to have constructive engagements with the First Nation, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[133],"tags":[],"class_list":["post-16168","post","type-post","status-publish","format-standard","hentry","category-oil-gas"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/16168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=16168"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/16168\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=16168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=16168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=16168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}