Malaysia's Petronas may consider relocating Canada LNG project -state news agency

Published 2017-02-13, 04:57 a/m
© Reuters.  Malaysia's Petronas may consider relocating Canada LNG project -state news agency
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KUALA LUMPUR, Feb 13 (Reuters) - Malaysia's state-owned oil firm Petroliam Nasional Bhd PETR.UL may consider relocating its Canadian liquefied natural gas (LNG) export terminal project, state news agency Bernama said on Monday quoting Chairman Mohamad Sidek Hassan.

He said the company, better known as Petronas, would relocate the $27 billion Pacific NorthWest LNG project if the Canadian authorities find the move necessary. holds a majority stake in the project, which has come under fire from environmental groups and aboriginal communities who say it will increase greenhouse gas emissions and destroy a critical salmon habitat. reports said that Petronas had identified a new location for the plant to cut costs and address environmental concerns.

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