Petronas-led LNG project clears B.C. environmental hurdles
British Columbia's government has granted environmental approval for its Pacific Northwest LNG export plant backed by Malaysia’s Petronas and two pipelines proposed for shipping gas to terminals on Canada’s Pacific coast.
One of the two pipelines is designed to connect the Petronas plant with gas fields hundreds of miles inland, and the other is to win approval is for a rival liquefied natural gas plant backed by BG Group (OTCPK:BRGXF, OTCQX:BRGYY).
The Petronas project is the second planned LNG terminal to receive B.C. environmental clearance after a competing project sponsored by Chevron (NYSE:CVX); earlier this month, a project led by Royal Dutch Shell (RDS.A, RDS.B) filed paperwork with the prorvincial government for its environmental assessment certificate.
The approvals do not necessarily mean the projects will be built, as the companies involved have yet to make final investment decisions.
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