Petronas of Malaysia has reportedly decided to alter the design of the planned multi-billion dollar Pacific NorthWest LNG project in Canada by relocating the docking facilities.
The liquefaction plant would remain on Lelu Island, however, in a push to reduce costs and the environmental impact, the docking facilities would be built at the neighboring Ridley Island, Bloomberg reports, citing sources close to the matter.
With the relocation of the docking facilities, the initially planned suspension bridge, that boosted the costs, would be eliminated.
According to the report, Petronas, together with its project partners, Sinopec, JAPEX, Indian Oil Corporation and PetroleumBRUNEI are expected to decide whether to move ahead with the project in early 2017.
The project received the environmental approval from the Canadian government in September, and is currently reviewing the LNG market outlook and overall project commerciality before it develops the proposal for the final investment decision. The company intends to review the impacts on the overall cost structure and schedule of the project.
The proposed facility, to be located on Lelu Island within the District of Port Edward, will comprise an initial development of two LNG trains of approximately 6 million tons per annum each, and a subsequent development of the third train of approximately 6 mtpa.
LNG World News Staff