Petronas is a global leader in LNG and the owner of Vancouver-based Pacific NorthWest LNG, which is planning to build a world-scale LNG export facility on Canada’s west coast, near Prince Rupert, British Columbia.
On June 27th, it was announced that a three-month clock had started for Prime Minister Justin Trudeau to decide whether to allow Petronas to build its ambitious LNG project. More than three years and 100,000 hours of studies since first proposed, the project’s final filing was posted on the website of the Canadian Environmental Assessment Agency. Canada Natural Resources Minister Jim Carr committed in June to decide whether to approve the project within 90 days of final submission.
As was reported in Bloomberg, Canada exports gas to an oversupplied U.S. market through pipelines. The $36 billion project aims to ship gas from Lelu Island — a small, uninhabited islet on the Pacific Coast — to energy-hungry Asian markets. Yet its approval has been mired over concerns about the impact on fish, wildlife and the traditional ways of life of First Nation tribes in the region.
BOE Report’s Well Activity Map provided the data for this article.