Economics
Canada Gas Project Delay Highlights Oil Plunge’s Wider Risk
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Petroliam Nasional Bhd.’s decision to postpone its C$36 billion ($32 billion) liquefied natural gas project in Canada highlights the risks for energy developments around the world from oil’s plunge.
Woodside Petroleum Ltd.’s Browse gas project in Australia and an oil project planned by Santos Ltd. in Indonesia are among others seen as facing delays with oil trading at the lowest in more than four years.