Tuesday, January 12, 2016

Petronas to review plans on Lelu Island LNG project "within this quarter"

The parent company of Pacific
NorthWest LNG is planning on
a final decision of the proposed terminal
project sometime in this quarter
The Malaysian energy giant behind the proposed development on Lelu Island is looking to review it's plans on the Pacific NorthWest LNG project sometime in this quarter, with the energy company seemingly preparing to make their decision on the fate of the much anticipated development.

In an interview with Bloomberg News, Petronas CEO Datuk Wan Zulkiflee Wan Griffin noted that the project "can't be held in abeyance indefinitely" adding that the "window is closing fast" when it comes to time lines for the prosed development.

In the wide ranging article on a number of international concerns related to the energy industry, Bloomberg reviewed the current status of the project which is awaiting environmental approval from regulators and has faced some resistance from a number of groups including some First Nations in Northern British Columbia.

The CEAA process related to the Pacific NorthWest LNG proposal only recently re-started the clock once again in December, that after a lengthy delay to gain more information from the proponent on issues related to the proposed development.

You can examine the full overview on Petronas and the energy sector here.

Last week, the Globe and Mail's Brent Jang provided a look at where the project stands, particularly in an era of a global glut of LNG that seems destined to be in place for the foreseeable future.

Of interest from that article were some comments from British Columbia's Minister of Natural Gas Development, who remained fairly optimistic when it came to the prospects for Pacific NorthWest LNG. Making note of the work that the LNG proponent had done when it comes to their scientific studies related to the impact of the project on fish habitat in the area.

Pacific NorthWest LNG recently released a video presentation related to that scientific research through it's Facebook page and website.

You can review that video below:

As part of the overview by the Globe, Mr. Coleman also noted that he and Premier Christy Clark had met with the recently elected Mayor of Lax Kw'alaams John Helin in December, that in an effort to find some common ground on the subject of LNG.

Though there was no indication given in the article by the Deputy Premier, as to the topics from that meeting, or if any resolution was reached when it comes to the concerns expressed from Lax Kw'alaams over the nature of the Lelu Island project.

You can review the full Globe article here.

For more items related to the Pacific NorthWest LNG project see our archive page here.

No comments:

Post a Comment