Less than a year after the federal government gave the green light to a new liquefied natural gas project in British Columbia, the companies behind the ambitious plan have pulled the plug.
Pacific NorthWest LNG (or PNW LNG) may eventually be replaced by something else with the same backers, but in its current form — the form approved by Ottawa last fall — it’s dead.
So what killed the project? And who will benefit, or lose out, now that it’s no longer moving ahead?
Source: What killed the $36-billion Pacific NorthWest LNG project? | Globalnews.ca
ISKANDAR PUTERI: The government of British Columbia will open a new Trade and Investment Representative (TIR) Office in Johor Baru by January next year.
Source: Govt of British Columbia to set up trade and investment office in JB | New Straits Times | Malaysia General Business Sports and Lifestyle News
The bidding process for contracts to build the C$40 billion LNG Canada liquefied natural gas project in British Columbia has been cancelled, further jeopardizing the provincial government’s hopes of reaping billions from a gas bonanza.
Source: Troubling times for BC’s LNG dreams | AsianPacificPost.com | Chinese newspaper, Filipino newspaper, Philippines newspaper.
Date: Tuesday, November 15, 2016 at 6.30 p.m.
Venue: BANANA LEAF RESTAURANT 820 WEST BROADWAY V5Z 1J9
1. Approve Minutes of Directors’ Meeting held on November 15, 2015.
2. Acceptance of Resignation as Director by Guilbert Ho.
3. Appointment of Lillian Loh as Director.
4. Appointment of Organizing Committee for proposed public event featuring a talk on Trade & Investment by Senator Yuen Pau Woo, President of Vancouver HQ; followed by general discussion on the event first mooted by Boo Jock Chong.
5. Discussion on matters arising from the mandatory transition process under the new BC Societies Act scheduled to come into force on November 28, 2016.
6. Transact such other business as may properly come before the meeting.
Petronas is weighing options as its finances have been squeezed by the collapse of crude oil prices and the economics of the project have been called into question
Source: Petronas weighs sale to exit $27 billion Canadian LNG project, sources say | Financial Post
Aboriginal and environmental groups will file lawsuits on Thursday against the government of Canada to overturn the permit for a controversial $27 billion liquefied natural gas (LNG) project in British Columbia.
Source: Aboriginal, environmental groups to sue Canada over Petronas LNG project – British Columbia – CBC News
Canada approved a C$36 billion ($27 billion) liquefied natural gas project in British Columbia with a raft of environmental-protection requirements.
Source: Petronas’s Canada LNG Project Approved by Trudeau Government – Bloomberg
Provides country information and describes EDC’s trade relationship with Malaysia. Provides information, tools and contacts to help Canadian exporters / investors expand business overseas.
Source: Malaysia – Export Development Canada (EDC)