Canadian-Malaysian LNG Terminal Project To Begin This Year
A group formed by the Malaysian energy company Petronas is all but certain to begin building a US$36 billion liquid natural gas (LNG) export terminal on Canada’s Pacific coast by year’s end, according to British Columbia’s finance minister, Michael de Jong.
“The construction will begin soon … this fall, de Jong said July 27 at a press briefing in Putrajaya, Malaysia, after meeting with the country’s prime minister, Datuk Seri Najib Tun Razak. “All other prerequisites have been dealt with.”
All other prerequisites except for one, actually. De Jong said the deal still needs the formal environmental blessing of Canada’s federal government. “Our central government environmental certificate is the remaining piece to this, and we are working through that exercise,” he said. “We are optimistic that in the very near future it will be concluded.”
