A plan to build a liquid natural gas liquefaction and export facility in Port Edward, B.C., will not go ahead.
A release from Pacific NorthWest LNG said the decision to cancel the $36-billion project was made after “a careful and total review of the project amid changes in market conditions.
“Pacific NorthWest LNG is majority owned by Petronas, a Malaysian oil and gas company.Anuar Taib, chair of the Pacific NorthWest LNG board, wrote that “prolonged depressed prices and shifts in the energy industry have led us to this decision.
“The proposed project was to build an LNG export facility on Lelu Island in the district of Port Edward, in northwest B.C.Speaking at a news conference, B.C. Minister of Energy, Mines and Petroleum Resources Michelle Mungall said the project was “uneconomical to move forward.”
The project divided the areas First Nations communities. Members of the Lax Kw’alaams First Nation camped on the proposed site for almost a year in protest of the proposal, while leaders of the Metlakatla, Kitsumkalum, Kitselas and Gitxaala First Nations wanted the project to go forward.
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