May cancel BC gas project B.C.'s natural-gas development minister is downplaying reports that Malaysia’s state-owned oil-and-gas giant is threatening to cancel a $10-billion (U.S) liquefied natural gas project in British Columbia.
Rich Coleman told reporters that talks are proceeding on the project despite a report in the Financial Times quoting the company’s chief executive officer Shamsul Abbas that he is “ready to call off” the Pacific Northwest LNG project.
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The Financial Times report quoted Mr. Abbas as saying in an interview he is “ready to call off” the project amid a delayed regulatory approval process, plans by the B.C. government to impose an LNG tax and a “lack of appropriate incentives.”
Mr. Coleman said the government continues to work on a tax regimes for the liquefied natural gas sector seen as a major economic prospect for the province, one that could create thousands of jobs and eliminate provincial debt. More than a dozen LNG ventures are envisaged for B.C.
https://www.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/petronas-threatens-to-call-off-10-billion-bc-lng-project-report/article20783049/