Pacific NorthWest LNG plan scrapped by Petronas, partners

The Pacific NorthWest glass healthy gas plan in Port Edward, B.C. will no longer go forward.

A recover from Petronas said the preference to cancel a plan was done after “a clever and sum examination of a plan amid changes in marketplace conditions.”

Anuar Taib, chair of a Pacific NorthWest LNG board, wrote that “prolonged vexed prices and shifts in a appetite attention have led us to this decision.”

More to come.

Article source: http://www.cbc.ca/news/canada/british-columbia/pacific-northwest-lng-project-in-port-edward-b-c-no-longer-proceeding-1.4220936?cmp=rss