DoneDeal
Petronas-led consortium plans to go ahead with Canada LNG project
VANCOUVER: TransCanada Corp said on Friday a consortium led by Malaysian national oil company Petronas has decided to proceed with plans to build a terminal in northern British Columbia to export Canadian natural gas to Asia.
TransCanada said it planned to start construction this year of the Prince Rupert Gas Transmission line, to connect the Montney field near Fort St. John, British Columbia, to the Pacific NorthWest (PNW) LNG terminal at Lelu Island, near Prince Rupert.
The final decision on the line will be confirmed by the partners of PNW LNG after receiving approvals from the British Columbia and Canadian governments, TransCanada said.
TransCanada said it planned to put the 900km into service by 2019-20.
The Canadian government on Thursday approved another line, the C$1.7bil (RM5.2bil) North Montney Mainline, which will feed into the Prince Rupert line.
TransCanada chief executive Russ Girling said the decision advances a key component of TransCanada’s C$46bil (RM140.3bil) capital growth plan, which includes more than C$13bil (RM39.7bil) in proposed natural gas pipeline projects. - Reuters