LNG

Clouds gather over Canadian LNG sector

Petronas has cancelled its Pacific NorthWest project in British Columbia, and given the high costs of investment it is likely other Canadian projects will suffer the same fate Petronas has cancelled its Pacific NorthWest project in British Columbia, and given the high costs of investment it is likely other Canadian projects will suffer the same fate.
By Andrew Walker 27 July 2017 0 26958
Remote locations pose a challenge for Canadian LNG projects. (FERC)

The cancellation of Pacific NorthWest LNG, one of Canada’s largest and most-advanced export projects, has cast doubts over the more than 20 planned LNG export projects in the country.

Petronas, Malaysia’s state oil and gas company, announced on Wednesday it was cancelling the project because of “the extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry”. 

Total project costs were estimated at $29 billion and included upstream field development, a 900-km pipeline and the liquefaction plant itself.

David Ledesma, senior fellow...