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Canada approves $36 bn LNG project, eyes Asia

AFP

Canada approved Tuesday a Can$36 billion ($27 billion USD) project by Malaysia's Petronas to build a liquid natural gas pipeline along its Pacific Northwest coast, a massive project targeting Asian markets.

The liquefied natural gas project is the first deal by Canada's year-old Liberal government that goes against environmentalists in the name of the country's economic interests. Environmental activists and indigenous groups have opposed the plans.

"The government approved the Pacific Northwest LNG project" said Environment Minister Catherine McKenna.

"As the prime minister has emphasized, the only way to get resources to market in the 21st century is if it is done sustainably and responsibly. Today's announcement reflects this commitment," she said.

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Prime Minister Justin Trudeau has repeatedly said that the economy and environment should be pursued in parallel, without sacrificing one for the other.

The project includes a pipeline and two Petronas terminals to ship gas to Asia.