Regulatory uncertainty over Petronas’ bid to build Canada’s largest liquefied natural gas export facility came to an apparent close this week when the federal government conditionally approved the C$36-billion (US$27 billion) Pacific NorthWest LNG project.
The federal government approved the project this week with 190 conditions, including a “hard cap” on greenhouse gas emissions of 4.3 million tonnes per annum.
However, despite the approval there was no assurance from Petronas and its joint venture partners — Sinopec, Japan Petroleum Exploration, Indian Oil and PetroleumBrunei — that the project will now move to construction.
“Moving
