Canada Hasn’t Sought Petronas Guarantee on Gas Plant: Minister
- Trudeau government has until Oct. 2 to approve B.C. project
- Company’s final decision will hinge on costs, commodity prices
This article is for subscribers only.
Prime Minister Justin Trudeau’s government will decide on final approval of the Pacific NorthWest gas project without any guarantee Petroliam Nasional Bhd. will actually proceed, Canada’s resources minister said.
The $11 billion liquefied natural gas plant in British Columbia remains under political review while similar proposals are being scaled back or delayed amid low prices. Trudeau’s government has committed to a decision by Oct. 2 and is balancing a stated desire to grow the economy with toughening environmental regulations and lowering carbon emissions.