Saturday 27 Apr 2024
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KUALA LUMPUR (Sept 28): Petroliam Nasional Bhd (Petronas) president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin said the company would review its planned C$36 billion (about RM113 billion) Canada liquefied natural gas (LNG) project, after Canada approved the LNG facility.

Petronas' plans to undertake its Pacific NorthWest LNG project at Lelu Island, British Columbia. In Malaysia, Wan Zulkiflee told reporters that he had not seen the details of Canada's approval, which was announced this morning.

Wan Zulkiflee said: "The announcement was just made this morning. Give us some time to look at the conditions. We will review the project." He said this on the sidelines of the Malaysian Oil & Gas Services Exhibition and Conference 2016 here today.

Bloomberg reported Canadian Prime Minister Justin Trudeau's government had approved Petronas' C$36 billion Pacific NorthWest LNG project on British Columbia's Pacific coast.

Environment Minister Catherine McKenna, Natural Resources Minister Jim Carr and Fisheries Minister Dominic LeBlanc made the announcement near Vancouver late Tuesday. It was Trudeau's first decision on a major energy project, after a pro-environment campaign swept him to power last year.

The project is "an important opportunity to grow our economy and shows how we are rebuilding Canadians' trust in our environmental assessment process," McKenna said.

Canada placed 190 conditions on the project approval, which Petronas will have to meet in order to proceed. The conditions include a cap on carbon gas emissions.

 

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