Business

No go for another LNG project in British Columbia

CALGARY, Alberta: CNOOC Ltd’s Nexen Energy and Inpex Corp will end the feasibility study for the Aurora liquefied natural gas project in Canada’s British Columbia province, the former company said in a statement on Thursday.

“Aurora LNG has determined that the current macro-economic environment does not currently support the partners’ vision of developing a large LNG business,” the company said. – Reuters

(In July. Petronas had aborted its majority-owned C$36bil Pacific NorthWest LNG project on Lelu Island in British Columbia given the low LNG prices.)