Petronas warns of dwindling operating cash flow (Article)https://www.thesundaily.my/news/1521375
"Despite operating cash flow constraints, Wan Zulkiflee said Petronas will continue to implement projects that have been given the final investment decision (FID), such as the Rapid project in Pengerang, Johor and Pacific Northwest liquefied natural gas (LNG) project in Canada.
"We're looking at long-term investment. What happen today will not substantially change our outlook for the projects," he said.
The Rapid project is expected to be completed by the first quarter of 2019, with commercial operations to begin in the second quarter of 2019.
The RM36 billion Pacific Northwest LNG project in Canada, meanwhile, has entered into the final stage, with the fulfilment of one of two conditions, which is the legislated approval of the project development agreement by the British Columbia government. The final approval is due from the Canadian Environmental Assessment Agency."