Canada plant's fate depends on tax deal: Petronas

LNG plant will face a delay of 10-15 years if a favourable tax agreement is not reached with British Columbia this month, it warns


MALAYSIAN state-owned energy company Petronas said it could delay its planned US$11 billion liquefied natural gas plant on Canada's Pacific Coast by up to 15 years unless it can reach a favourable tax deal by month's end.

Petronas said in a statement that the economics of the plant are marginal and without a favourable tax arrangement with the province of British Columbia and Canada's federal government, it could shelve the project for a decade or more.

The company set a deadline of the end...


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