ExxonMobil shelves Canada LNG export project
Source: Reuters
BUSINESS NEWS DECEMBER 20, 2018 / 10:08 AM / UPDATED AN HOUR AGO
ExxonMobil shelves Canada LNG export project
Ekaterina Kravtsova
2 MIN READ
LONDON (Reuters) - U.S. oil major ExxonMobil (XOM.N) has withdrawn its WCC liquefied natural gas (LNG) export project in Canada from an environmental assessment, it said on Thursday, effectively signaling that the project has been shelved.
The so-called WCC LNG export project in Canada’s British Columbia was expected to produce around 15 million tonnes per year of LNG, with plans for further expansion up to 30 million tonnes per year.
Legislation in British Columbia requires large projects to obtain an Environmental Assessment Certificate before they can be developed.
An examination of this project by the Canadian Environmental Assessment Agency has been going on since Feb. 2015.
“After careful review, ExxonMobil and Imperial (Oil Resources Limited) have withdrawn the WCC LNG project from the environmental assessment process,” a spokeswoman for ExxonMobil said in an emailed comment.
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Read more: https://www.reuters.com/article/us-lng-exxonmobil-canada/exxonmobil-shelves-canada-lng-export-project-idUSKCN1OJ1ZO
