Petronas not considering sale of interest in Pacific NorthWest LNG

Malaysian state-owned oil firm Petronas says it's not considering selling its stake in a proposed multibillion-dollar liquefied natural gas export terminal in B.C.

The company issued a statement yesterday saying it "categorically denies" allegations made in a news report that selling its stake in the Pacific NorthWest LNG project was up for consideration.

The federal government gave conditional approval earlier this week to the $36-billion venture, which is located on Lelu Island near Prince Rupert on B.C.'s northern coast.

Petronas says it will continue working with its partners including the B.C. government to study those conditions before making any decisions on how to move forward with the project.

Members of the Haida Nation protested the decision to allow the project during Prince William and Kate's royal visit to Haida Gwaii yesterday.