Petronas has gone on record to say the reason they’ve become skeptical is because of a “lack of appropriate incentives.”
“Petronas needs to be assured that the project is economically viable and satisfies its investment criteria before going ahead with the project,” the firm said in a statement to Reuters.
However, Petronas also said it will proceed with financing and evaluation in the race to supply energy to Asian markets as planned, a project worth an estimated $10 billion, until the decision is made.
The province plans to release the legislation in October and implement it in November.
The firm says they’ll make a final investment decision by the end of the year.
Click here to read the entire Financial Post article.
With files from The Financial Post / Reuters