British Columbia approves Petronas LNG project, two gas pipelines, but uncertainties remain

Financial Post | Business

VANCOUVER — British Columbia has approved a liquefied natural gas export terminal being developed by Malaysia’s Petronas, along with two pipelines to service Canada’s fledgling LNG industry, the province’s Ministry of Environment said on Tuesday.

A federal environmental review of Petronas’ Pacific NorthWest LNG project is continuing, with the Malaysian state-owned energy firm expected to make a final investment decision on the $11 billion facility before the end of the year.

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Provincial environmental assessment certificates were issued on Tuesday for Petronas’ terminal, along with the Prince Rupert Gas Transmission (PRGT) pipeline, which is being developed by TransCanada Corp, and the Westcoast Connector Gas Transmission pipeline, proposed by Spectra Energy Corp.

The PRGT pipeline would feed Petronas’ LNG terminal, while the Westcoast Connector line would send gas to BG Group’s  proposed Prince Rupert LNG project. BG has pushed back a final investment decision on its export facility by a…

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