CALGARY and OTTAWA — The Globe and Mail
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Malaysia’s Petronas has cancelled plans for an $11.4-billion liquefied natural gas terminal on the B.C. coast, a major blow to Canada’s efforts to become a global LNG supplier.
The move to scrap the Pacific NorthWest LNG plant, which had been slated for Lelu Island near Prince Rupert, comes after five years of study, a period in which LNG prices fell as other countries such as Australia and the United States started up multibillion-dollar facilities.