British Columbia LNG Project One Vote Away from Being Rejected

SUGAR LAND--May 13, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Pacific Northwest LNG (Vancouver, British Columbia) is facing an uphill battle to build a multi-billion-dollar liquefied natural gas (LNG) production and export terminal at Lelu Island in Port Edward, British Columbia. After reaching agreements with the Metlakatla and Kitselas aboriginal communities of the First Nation, talks are under way with the Lax Kw'alaams. However, members of the Lax Kw'alaams have voted twice to reject an $825 million offer by Pacific Northwest LNG's parent company, Petroliam Nasional Berhad (Petronas) (Kuala Lumpur, Malaysia). The amount would be paid out over 40 years. Only one more voting round remains. Within this article: Update on the proposed Pacific Northwest LNG project by Petronas. Additional companies: KBR (NYSE:KBR), PetroChina (NYSE:PTR)