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VANCOUVER, B.C. – Pacific NorthWest LNG has announced that the project will not be proceeding.

Petronas and its partners have decided not to move forward after a ‘careful and total review’ of the project.

Anuar Taib, Chairman of the PNW LNG Board said they are disappointed with the decision but signalled prices and shifts in the energy industry were to blame.

“We are disappointed that the extremely challenging environment brought about by the prolonged depressed prices and shifts in the energy industry have led us to this decision.

PETRONAS and its North Montney Joint Venture partners remain committed to developing their significant natural gas assets in Canada and will continue to explore all options as part of its long-term investment strategy moving forward.”

President and CEO of PNW LNG Adnan Zainal Abidin thanked those who supported the project.

“On behalf of the entire PNW LNG team, I would like to thank everyone who has supported the project. I also want to thank everyone who contributed towards the development of this project and its comprehensive environmental assessments. In particular, I want to recognize the area First Nations, the District of Port Edward, the City of Prince Rupert, and their communities for their invaluable support and involvement in the project. I would also like to acknowledge the Pacific NorthWest LNG project team for all of their dedication and hard work.”

Justin Trudeau and the Liberals had approved the project in September of 2016.

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