- Petronas says it will review its proposed C$36B Pacific NorthWest liquefied natural gas project in British Columbia after Canada's government approved the project with a whopping 190 conditions, including a cap on carbon emissions, to limit the environmental impact.
- Analysts are skeptical about the project's prospects given natural gas prices that have dropped by more than a third in two years and significant cost cutting at the Malaysian company.
- Other western Canada LNG projects also face delays: In July, Shell and its partners pushed back a decision on building an export terminal, and Chevron has delayed the scheduled 2017 start of its Kitimat LNG project.
- ETFs: UNG, UGAZ, DGAZ, BOIL, EWC, GAZ, KOLD, UNL, DCNG, FCAN, QCAN