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Petronas CEO warns British Columbia risks losing LNG market lead due to regulatory delays.
Petronas Canada's CEO warns that British Columbia risks losing its position in the global liquefied natural gas (LNG) market due to delays and regulatory uncertainties.
He calls on the government to streamline permitting processes and act urgently to attract investors.
Despite advantages like proximity to Asia and the large Montney gas reserve, the sector faces increasing competition from Alaska and market saturation.
The CEO emphasizes the need for action to prevent projects from relocating, as regulatory delays and stringent policies drive away potential investment.
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El CEO de Petronas advierte que British Columbia corre el riesgo de perder el liderazgo en el mercado de GNL debido a los retrasos regulatorios.