By LNG World News Image courtesy of PetronasMalaysian energy giant Petronas and its partners will not proceed with the development of the $27 billion Pacific NorthWest LNG project on Lelu Island in the district of Port Edward in Canada’s British Columbia province.
“The decision was made after a careful and total review of the project amid changes in market conditions,” Petronas statement reads.
The company’s executive vice president and CEO upstream, Anuar Taib, said the challenging environment brought about by the prolonged depressed prices and shifts in the energy industry led the partners to the decision.
“We, along with our North Montney Joint Venture partners, remain
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