B.C. says Petronas is not considering sale of proposed LNG terminal

Lelu Island, proposed site of Pacific NorthWest LNG facility
Lelu Island, the proposed site of the Pacific NorthWest LNG export facility. Photo by Brian Huntington/Ocean Ecology.

The British Columbia government says the main stakeholder in a proposed liquefied natural gas export terminal is not considering selling its stake in the multibillion-dollar project.

The Ministry of Natural Gas Development says in an email it spoke with Petronas and was reassured about the Pacific NorthWest LNG project after a news report indicated the Malaysian state-owned oil firm was pondering selling its stake.

The federal government gave conditional approval earlier this week to the $36-billion venture, which is located on Lelu Island near Prince Rupert on B.C.'s northern coast.

The facility is designed to ship 19-million tonnes a year of liquefied gas over the next quarter century, though low commodity prices have delayed forward movement on the project.

The provincial government says it expected Petronas to issue a statement.

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