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Petronas’ review of Canadian LNG project still ‘ongoing’, but CEO keen to monetize Montney natural gas asset

The head of the consortium proposing to build the Pacific NorthWest LNG project declined to provide a timeline on a possible final investment decision Wednesday, as the market for large-scale liquefaction facilities continues to weaken. “We’re doing a total review of the project, and taking into account all the cost optimization options,” said Petronas CEO Datuk Wan Zulkiflee Wan Ariffin. “That is still ongoing.” Malaysia-based Petronas is the largest stakeholder in the roughly $36-billion LNG […]

250 workers to be added to DP World’s roster in Prince Rupert

By July 2017, and after the opening of the Fairview Container Terminal’s Phase 2 North expansion project, owner-operator DP World will have 750 people working inside its fences. That figure is a 250-worker boost from how many people currently operate at Fairview and will have a massive impact on the workforce on the North Coast – not just in DP World’s new scope, but in the rest of the business community’s labour pool. It will […]

Haisla Nation in tough waiting game as LNG delayed

By Gordon Hoekstra The Vancouver Sun The Haisla Nation, which supports two of the leading proposed major LNG projects in B.C., is in a tough waiting game as the projects remain in limbo. Activity on both the $25-billion to $40-billion Shell-led LNG Canada project and the $12-billion Chevron-led Kitimat LNG project proposed for the Kitimat area in northwest B.C., where the Haisla claim traditional territory, have slowed to a crawl. When, and if, the projects […]

B.C. and Petronas reach LNG agreement paving way for energy giant’s proposed $36-billion investment

By Yahdullah Hussain in the Financial Post British Columbia is sweetening its offering with iron-clad “cost certainty” assurances to the Petronas-led consortium in a final push to establish a liquefied natural gas project and set the stage for a “new era of economic activity” in the province, Premier Christy Clark said Wednesday. Canada is a world leader in democratic freedom, transparency, environmental protection and worker rights. So why is it not also a world leader—the […]

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