Canada’s Pacific NorthWest LNG succumbs to sluggish market forces
Australia’s reputation as the ‘Lucky Country’ beneficiary of $200 billion LNG project investment decisions has been enhanced with news that the proposed Pacific NorthWest LNG project at Port Edward in British Columbia, Canada has been canned by its JV partners.
This follows a major review of the proposed plant’s viability and revelations from Anuar Taib, Executive Vice President and CEO Upstream for majority partner Petronas, that ongoing subdued market conditions had prompted the...