Petronas LNG: "Not a done deal," says Maude Barlow

Petronas LNG: "Not a done deal," says Maude Barlow

Postby Oscar » Fri Jun 12, 2015 3:40 pm

Petronas LNG: "Not a done deal," says Maude Barlow

[ http://canadians.org/media/petronas-lng ... ude-barlow ]

Media Release June 12, 2015

Lelu Island proposed LNG facilityPetronas, a Malaysian-led consortium, gave its approval yesterday to invest in a liquefied natural gas (LNG) project in British Columbia. It says it is waiting on two conditions: agreement from the provincial legislature and a positive environmental assessment.

“Not so fast,” says Maude Barlow, national chairperson of the Council of Canadians. “The federal government may have thought that gutting our environmental protections would fast track oil and gas deals, but Canadians and Indigenous peoples have higher standards than Mr. Harper. People from coast to coast don’t want gas, oil and bitumen crisscrossing our waterways, increasing tar sands production and fracking. This is not a done deal.”

Petronas plans to build its export LNG facility on Lelu Island in northwestern British Columbia. Its terminal could be operational by 2018 and would be serviced by the Prince Rupert Gas Transmission pipeline. The Lax Kw'alaams First Nation voted unanimously to reject the deal last month despite being offered $1.15 billion for its approval. The chiefs of the Gitxsan house of Luutkudziiwus have already said that the pipeline cannot go through their territory. Communities have cited concerns about impacts on the Skeena River and salmon habitat in the watershed.

The Petronas deal could pave the way for another 17 LNG terminals along the Pacific Coast. Giving the green light to LNG terminals will mean more fracking projects in northeastern B.C. taking a toll on lakes and rivers and scuttling B.C.’s chance at being a climate leader.

For more information:
Emma Lui, Council of Canadians
604-318-7499

For media calls:
Leila Marshy, Media Officer
Cell: (613) 618-4761
Office: (613) 233-4487, ext. 232
E-mail: lmarshy@canadians.org
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Re: Petronas LNG: "Not a done deal," says Maude Barlow

Postby Oscar » Fri Aug 05, 2016 2:56 pm

Another LNG blow: Petronas may delay project

[ http://energeticcity.ca/article/cat-lng ... ay-project ]

by Jessica Fedigan August 2, 2016

FORT ST. JOHN, B.C. – Malaysia’s state oil company Petronas might delay the PacificNorthwest LNG project according to a article in the Wall Street Journal.

It says that two people familiar with the matter say that they are considering the delay because of concerns regarding oversupply and cheap competing fuels.

Petronas has supposedly put up around 1/3 of the $27.5 billion dollar project. The plan has been to start operations in 2019.

While the Canadian government is still deciding to approve the project or not, the next step would be Petronas and its partners confirm the final investment decision.

People familiar with the matter told The Wall Street Journal that the oversupply of LNG and lower oil and gas prices have made the project unattractive at the moment. They declined to say how long the delay could be.

According to the journal, LNG prices has been softening since 2014. Australia, Russia, and the U.S. are set to enter the market as well.

With files from YANTOULTRA NGUI, Wall Street Journal

[ http://www.wsj.com/articles/petronas-ma ... 1470128896 ]
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