Petronas-led group gives conditional go-ahead for B.C. LNG project

• Petronas and its Asian partners give a conditional final investment decision to move forward with the Pacific Northwest LNG project to be built near Prince Rupert on Canada's British Columbia coast.
• The consortium says the project still needs British Columbia lawmakers to endorse a deal on royalties and taxes that the government signed, and to pass a federal environmental review.
• But Canada’s environment regulator issues another delay, saying it is pausing its review as it requests further information from the group on plans to mitigate damage to a salmon spawning habitat.
• Malaysia's Petronas holds a 62% interest in Pacific Northwest LNG, and its partners include China's Sinopec (NYSE:SNP) with 10%.
• The export terminal is among 19 under consideration in the province - which include stakes by the likes of Shell (RDS.A, RDS.B), Chevron (NYSE:CVX) and Exxon (NYSE:XOM) - to ship western Canadian gas to growing energy markets in Asia.