B.C. says Petronas is not considering sale of proposed LNG terminal
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VANCOUVER — The British Columbia government says the main stakeholder in a proposed liquefied natural gas export terminal is not considering selling its stake in the multibillion-dollar project.
The Ministry of Natural Gas Development says in an email it spoke with Petronas and was reassured about the Pacific NorthWest LNG project after a news report indicated the Malaysian state-owned oil firm was pondering selling its stake.
The federal government gave conditional approval earlier this week to the $36-billion venture, which is located on Lelu Island near Prince Rupert on B.C.’s northern coast.
The facility is designed to ship 19-million tonnes a year of liquefied gas over the next quarter century, though low commodity prices have delayed forward movement on the project.
