Talisman pulling out of proposed gas-to-liquids plant

As part of those deals, Talisman had the option to take part in the proposed facility, but now says it will not be going ahead with the next phase. The company had taken part in the feasibility study, which took place over the past year.

Now John A. Manzoni, President and Chief Executive Officer, says the company has decided there are better ways to get into the liquefied natural gas industry.

"Talisman's immediate focus is to accelerate investment in near-term liquids opportunities, with the goal of increasing liquids and oil-linked gas production to 300,000 barrels a day by 2015" he explains.

"We wish Sasol every success as they evaluate the next phase of this project, and we look forward to continuing a positive relationship in the joint development of our Montney assets."

Requests have been put in by Moose FM/energeticcity-beta.mystagingwebsite.com to Sasol to determine whether the facility will go ahead without Talisman's investment.