Clock Is Ticking for Trudeau to Decide on Petronas LNG Bid
- Project files final response to Canadian environmental agency
- Petronas warns some conditions could make investment inviable
Justin Trudeau.
Photographer: David Kawai/BloombergThis article is for subscribers only.
A three-month clock has just started ticking for Canadian Prime Minister Justin Trudeau to decide whether to allow Malaysia’s Petroliam Nasional Bhd to build an ambitious liquefied natural gas project that could transform the nation’s energy exports but raise the ire of environmentalists.
More than three years and 100,000 hours of studies since first proposed, the project’s final filing was posted on the website of the Canadian Environmental Assessment Agency on Monday. Canada Natural Resources Minister Jim Carr committed in June to decide whether to approve the project within 90 days of final submission.