LNG

Frustration seems to have given way to open threats as Malaysia’s Petronas has set an ultimatum on March 31, piling pressure on the Canadian federal government to approve the contested $36 billion Pacific NorthWest LNG project. If no federal approval is given by the end of this month, Petronas will walk away from the C$36 billion liquefaction and export venture, a source close to project sponsors said. Yet, environmental regulators stay adamant as they seek further details and decided in late March to extend the EIS review by a further three months.

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