Giant LNG Project Fails in BC

What the Petronas collapse means for Northwest gas export schemes. | In late July, Malaysian oil giant Petronas shelved its plans to build a large liquefied natural gas (LNG) export facility at Lelu Island, south of Port Edward, British Columbia. Its Pacific NorthWest LNG proposal was one of seven LNG proposals clustered in the vicinity of Prince Rupert. The $36 billion project would have produced 18 million metric tons of LNG per year, making it three times as large as Oregon’s...