Mines Energy Minister Responds to PETRONAS Decision
Prince George, B.C.- Minister of Mines and Petroleum Resources Minister Michelle Mungall has issued a brief statement on the PETRONAS decision to not proceed with the Pacific NorthWest LNG project.
“The company was very clear, this was a decision they were making because of the economic challenges in the global energy marketplace. The Pacific NorthWest LNG project in it’s current state, was uneconomical to move forward.”
“This is about global market pricing” says Minister Mungall, “We will respect the company’s decision.”
She says she will be talking with all of the LNG stakeholders “To assure them, we are ready to work with them going forward, that we have a road map to get them to full realization of their projects.”
She says Aurora LNG is a project that is still in the works, “I will be on the phone with them to assure them we will be working with them every step of the way.”
She says B.C. remains “a player in the LNG sector “.