-17.5 C
Fort St. John
Monday, January 21, 2019
9924 101 ave Fort St. John, B.C.
Advertisement
Advertisement
Home Energy News Sinopec in discussions to buy 15 per cent stake in Pacific Northwest...

Sinopec in discussions to buy 15 per cent stake in Pacific Northwest LNG project

Advertisement

Petronas has been exploring various options to help share the costs associated with the Pacific Northwest LNG project. Earlier this month the company struck a deal with Indian Oil Corporation for a ten per cent stake, and joins existing partner Japan Petroleum Exploration in helping with the project.

Under the potential agreement Sinopec would receive a 1.8 million tonnes per year of the project’s 12 million capacity.

Discussions are also taking place that would see Sinopec investing in the project’s Kitimat terminal.

- Advertisement -

get the latest news in your inbox

Author

Advertisement
Advertisement
Advertisement
Advertisement

Local Events

Advertisement
Advertisement
Advertisement

Must Read

Why some elected Wet’suwet’en councils signed agreements with Coastal GasLink

SMITHERS, B.C. - It was a difficult decision to sign a benefit-sharing agreement with Coastal GasLink that would allow for a natural gas pipeline...