Pacific NorthWest LNG, a unit of Petronas, is still expecting to make the final investment decision (FID) on the construction of an LNG terminal in B.C. by the end of the year.
Pacific NorthWest LNG president Greg Kist spoke at a Vancouver conference, saying that the FID depends on the provincial government’s tax measures for the LNG industry, reports Reuters. The taxation scheme should be released by November.
Kist further said that the FID will not be made without the tax measures in place, and he added that the push by a B.C. consortium of LNG developers for a tax break would also influence the company’s final investment decision.
Although Pacific NorthWest still needs provincial and federal environmental approvals before it can make the FID, Kist did not comment on a possible plan B, in case the regulatory approvals are not granted by the end of the year. Instead, he emphasized that the company will do everything to make the FID by the end of the year.
LNG World News Staff, September 19, 2014; Image: Pacific NorthWest LNG