# Will Petronas pull the plug in March 2016? Was Grant's prediction true?
**URL:** https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081
**Category:** Northern BC Forum
**Created:** [March 18, 2016, 3:37am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081 "2016-03-18T03:37:41Z")
**Posts on this page:** 20
**Page:** 2
### Author:  [@TheD](https://forum.hackingthemainframe.com/u/TheD)
#### Post date: [March 22, 2016, 2:27pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/21 "2016-03-22T14:27:30Z")
[http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com/news/energy/huge-petronas-canada-lng-project-runs-into-further-delays-over-environmental-assessment-study](http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com/news/energy/huge-petronas-canada-lng-project-runs-into-further-delays-over-environmental-assessment-study)
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### Author:  [@TheD](https://forum.hackingthemainframe.com/u/TheD)
#### Post date: [March 22, 2016, 2:28pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/22 "2016-03-22T14:28:13Z")
BTW I’m not for or against just some more facts …
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### Author:  [@TheD](https://forum.hackingthemainframe.com/u/TheD)
#### Post date: [March 22, 2016, 2:51pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/23 "2016-03-22T14:51:34Z")
> **[LNG dream dying in B.C.'s gas fields | CBC News](https://www.cbc.ca/news/canada/british-columbia/no-lng-projects-online-hits-bc-s-gas-patch-hard-1.3487427)**
>
> With oil and gas prices slumping and no shovel-ready LNG projects, B.C's once booming gas patch has slowed to a virtual halt, with the highest unemployment rate in the province.
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### Author:  [@MiG](https://forum.hackingthemainframe.com/u/MiG)
#### Post date: [April 5, 2016, 11:26pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/24 "2016-04-05T23:26:20Z")
Still no announcement that Petronas has called it quits.
As every day goes by, @Grant_G’s prediction is more and more wrong 🙂
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### Author:  [@Jabber63](https://forum.hackingthemainframe.com/u/Jabber63)
#### Post date: [April 6, 2016, 3:34am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/25 "2016-04-06T03:34:14Z")
shhhhhhhhhhh be very very quiet he is hunting wabbits right now
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### Author:  [@stglider](https://forum.hackingthemainframe.com/u/stglider)
#### Post date: [April 14, 2016, 7:47pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/26 "2016-04-14T19:47:11Z")
Doesn’t look to good for your Petronas! I’d say Grant is right!!
[http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com/news/energy/petronas-slashes-spending-as-it-awaits-decision-on-b-c-liquefied-natural-gas-project&\_\_lsa=c7ee-e78d](http://www.financialpost.com/m/wp/blog.html?b=business.financialpost.com/news/energy/petronas-slashes-spending-as-it-awaits-decision-on-b-c-liquefied-natural-gas-project&__lsa=c7ee-e78d)
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### Author:  [@MiG](https://forum.hackingthemainframe.com/u/MiG)
#### Post date: [April 14, 2016, 8:43pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/27 "2016-04-14T20:43:06Z")
Grant predicted they would pull the plug in “Early March.” It’s the middle of April now, and they haven’t pulled the plug.
I’d say it’s another prediction he got wrong.
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### Author:  [@Jabber63](https://forum.hackingthemainframe.com/u/Jabber63)
#### Post date: [April 15, 2016, 2:10am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/28 "2016-04-15T02:10:12Z")
article does not say it is doomed, they are just awaiting the CEAA approval and re-tendering the contracts which should be cheaper now
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### Author:  [@stglider](https://forum.hackingthemainframe.com/u/stglider)
#### Post date: [April 15, 2016, 3:07am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/29 "2016-04-15T03:07:55Z")
when u go from 5 Billion to 50 million It’s doomed!
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### Author:  [@Jabber63](https://forum.hackingthemainframe.com/u/Jabber63)
#### Post date: [April 15, 2016, 3:36am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/30 "2016-04-15T03:36:40Z")
actually it is 250 million per year now, and yes they already spent 5 billion on the wells, which means they probably have most of the wells they need to provide gas for the plant
it’s sort of like I spent $200,000 building a house and only need 20,000 to furnish it now, ie most of the work is done
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### Author:  [@TheD](https://forum.hackingthemainframe.com/u/TheD)
#### Post date: [April 15, 2016, 11:53pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/31 "2016-04-15T23:53:34Z")
Of course they need to slash spending , the CEO of petronas all has it on his personal bank account .
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### Author:  [@MiG](https://forum.hackingthemainframe.com/u/MiG)
#### Post date: [April 16, 2016, 1:50pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/32 "2016-04-16T13:50:34Z")
> [@TheD](#):
>
> Of course they need to slash spending , the CEO of petronas all has it on his personal bank account.
If you wrote that and were actually based in Malaysia, you’d have be arrested by now.
Notice how careful that Malaysian-based poster was in previous threads?
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### Author:  [@stglider](https://forum.hackingthemainframe.com/u/stglider)
#### Post date: [May 22, 2016, 7:19pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/33 "2016-05-22T19:19:52Z")
Petronas is Broke!!
[http://www.malaysia-chronicle.com/index.php?option=com\_k2&view=item&id=615462:bankruptcy-bombshellafter-selling-1mdb-assets-to-china-najib-now-eyes-selling-petronas-assets-to-russia&Itemid=2#axzz49PhyMdEc](http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=615462:bankruptcy-bombshellafter-selling-1mdb-assets-to-china-najib-now-eyes-selling-petronas-assets-to-russia&Itemid=2#axzz49PhyMdEc)
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### Author:  [@MiG](https://forum.hackingthemainframe.com/u/MiG)
#### Post date: [May 22, 2016, 9:13pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/34 "2016-05-22T21:13:15Z")
@Grant_G’s prediction was “Early March” – it’s almost June, and they still haven’t pulled the plug…
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### Author:  [@PLA](https://forum.hackingthemainframe.com/u/PLA)
#### Post date: [May 22, 2016, 10:42pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/35 "2016-05-22T22:42:28Z")
> [@stglider](#):
>
> Petronas is Broke!!
>
> [Malaysia Chronicle | A place to speak up on Politics, Business, Social](http://www.malaysia-chronicle.com/index.php?option=com_k2&view=item&id=615462:bankruptcy-bombshellafter-selling-1mdb-assets-to-china-najib-now-eyes-selling-petronas-assets-to-russia&Itemid=2#axzz49PhyMdEc)
“Written by OutSyed The Box”
Right…
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### Author:  [@stglider](https://forum.hackingthemainframe.com/u/stglider)
#### Post date: [May 22, 2016, 11:39pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/36 "2016-05-22T23:39:16Z")
It’s over!
> **[Petronas reports weak start to 2016](https://www.lngindustry.com/liquid-natural-gas/19052016/petronas-profits-drop-60-percent-4157/)**
>
> Petronas has announced a 60% drop in pre-tax profit for 1Q16.
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### Author:  [@Gracies\_Mom](https://forum.hackingthemainframe.com/u/Gracies_Mom)
#### Post date: [May 23, 2016, 3:31am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/37 "2016-05-23T03:31:08Z")
Jumping the gun don’t you think. 😃 Petronas does have buyers for their lng, and lets be clear it is their lng. They are Progress Energy Ltd Canada who have natural gas assets in North East BC and have drilled wells. They have spent $5 billion in North East BC. I don’t think they are going to throw in the towel yet.
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### Author:  [@PLA](https://forum.hackingthemainframe.com/u/PLA)
#### Post date: [May 23, 2016, 4:32am UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/38 "2016-05-23T04:32:29Z")
BTW, Grant G haven’t been active here and his own blog lately. Think he found a new hobby, stglider should join him.
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### Author:  [@Jabber63](https://forum.hackingthemainframe.com/u/Jabber63)
#### Post date: [May 23, 2016, 4:47pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/39 "2016-05-23T16:47:38Z")
and it also looks like Lax is behind the project now considering the letter they released last week from the 9 hereditary chiefs stating Wesley is not a Hereditary Chief and has no right to speak for them and no right to be on the island.
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### Author:  [@MiG](https://forum.hackingthemainframe.com/u/MiG)
#### Post date: [May 23, 2016, 5:35pm UTC](https://forum.hackingthemainframe.com/t/will-petronas-pull-the-plug-in-march-2016-was-grants-prediction-true/17081/40 "2016-05-23T17:35:58Z")
> [@PLA](#):
>
> BTW, Grant G haven’t been active here and his own blog lately.
What is the address for his blog? Maybe he made some more predictions on there and now is embarrassed.
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