Petronas delays decision on LNG project

Petronas has delayed making a final investment decision on plans to export liquefied natural gas from British Columbia, warning that estimated construction costs are too high.

The Petronas-led Pacific NorthWest LNG terminal proposed for Lelu Island has been budgeted to cost $11.4-billion, part of a $36-billion undertaking to ship LNG from the West Coast to energy-thirsty customers in Asia.

LINK (via: The Globe and Mail)

You may remember Petronas's engineering firm Stantec somehow left the Skeena off the early project description map.