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Malaysia's Petronas may consider relocating Canada LNG project

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Malaysia's state-owned oil firm Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency Bernama said on Monday quoting Chairman Mohamad Sidek Hassan.

[KUALA LUMPUR] Malaysia's state-owned oil firm Petroliam Nasional Bhd may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency Bernama said on Monday quoting Chairman Mohamad Sidek Hassan.

He said the company, better known as Petronas, would relocate the US$27 billion Pacific NorthWest LNG project if the Canadian authorities find the move necessary.

Petronas holds a majority stake in the project, which has come under fire from environmental groups and aboriginal communities who say it will increase greenhouse gas emissions and destroy a critical salmon habitat.

Media reports said that Petronas had identified a new location for the plant to cut costs and address environmental concerns.

REUTERS

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