Friday, January 31, 2025

Pacific NorthWest LNG Project Delayed for Another 3 Months

Ottawa asks for extra time for environmental assessment of Pacific NorthWest LNG Malaysia’s state-owned Petronas has hit yet another hurdle on the road to developing its Pacific NorthWest LNG project in British Columbia, Canada. The Canadian Environmental Assessment Agency (CEAA) requested three extra months to review the project, reports Reuters. The Canadian government in Ottawa said it remains committed to

BC LNG Project Delay Highlights U.S.-Canadian Competition

News of delays to the Pacific NorthWest LNG Project have some Canadians concerned about Competitiveness Malaysian oil giant Petronas announced earlier this week that it will delay its decision about proceeding with its Pacific NorthWest LNG terminal, saying that estimated construction costs were too high, especially as the company has to find even stronger justification for new projects as oil

LNG Regas

Oil & Gas 360® LNG Update

Freeport LNG Closes on $11 Billion in Financing for new Facility Freeport LNG Expansion, L.P. announced last week that it successfully closed on debt and equity financing commitments of approximately $11 billion in capital required for the development of the initial two trains of Freeport LNG’s natural gas liquefaction and LNG loading facility on Quintana Island near Freeport, Texas. Commitments

British Columbia LNG: Government Approval is the Easy Part

The Environmental Assessment Office of British Columbia approved three separate liquefied natural gas (LNG) projects on November 25, 2014, two of which are located at Prince Rupert Island. The island, roughly 750 kilometers (465 miles) north of Vancouver, is proposed to be a major LNG export plant with an expansive customer base in Asia. Malaysia-based Petronas, along with large energy