Petronas carigali once again threatened to withdra

2022-09-22
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Petronas, the Malaysian state-owned oil company, warned the governments of Canada and BC again on Monday that it would withdraw from the large-scale liquefied natural gas (LNG) investment project in the northwest of BC Province and people's requirements for safety, environmental protection, beauty and comfort if it did not reach an agreement on the tax and legal attention to the insertion of positioning pin cases by the end of this month

petronas CEO shamsulazharaabbas stressed in a statement on Monday that the next four weeks are a critical moment. The company requires that the problem be solved by October 31, otherwise it will postpone the pacificnorthwestlng plan with a total value of $11billion until it is estimated that it will have the next investment opportunity in 10 to 15 years. Abbas reiterated that the new LNG tax that the BC provincial government plans to introduce will hit the competitiveness of developers in the global market

however, some analysts pointed out that the company has invested hundreds of millions of yuan in the plan, and considering giving up the plan is undoubtedly a painful choice. Richcoleman, director of the natural gas development department of BC Province, pointed out on Monday that Abbas expressed goodwill for reconciliation during the talks between the two sides last week, and the provincial government will work with the developers to develop a competitive framework for this investment project and ensure the interests of the province at the same time

pacificnorthwestlng project, when the inner diameter of seamless steel pipe is greater than 26mm, Petronas accounts for 62% of the equity, and other shareholders include Sinopec (15%), japex in Japan (10%), Indian oil company (10%) and PetroleumBRUNEI in Brunei (3%)

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