Petronas scraps C$36b LNG project in western Canada

Thu, Jul 27, 2017 - 5:50 AM

Analysts say that with Malaysian Prime Minister Najib Razak expected to call elections in the coming months, state firm Petronas may be more inclined to push ahead domestic projects.

PHOTO: REUTERS

Calgary, Alberta

MALAYSIAN oil company Petronas scrapped a proposed C$36 billion (S$39.1 billion) liquefied natural gas (LNG) project in western Canada due to weak prices, in a blow to both its global ambitions and Canada's hopes of becoming a major LNG...

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Petronas scraps C$36b LNG project in western Canada

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