*On the Pacific NorthWest LNG project in British Columbia, Sharbini said the final investment decision has been deferred to the first quarter of 2015 as it is still in discussions with the British Columbia government on several issues including capital allowance, cost of the LNG plant and cost of the pipeline.
He also said that Petronas is still in talks with two to three companies on divesting its stake in the project. To date, it has sold 38% of its equity and is working towards reducing its stake to 50%.
“I have not heard of anybody saying that they want to pull out (from the Canadian project). This is a very good project. If we can get all the various parts of the project lined up, it is a very good project for Canada and the shareholders,” he added.*