ExxonMobil has withdrawn its Canadian liquefied natural gas (LNG) export project WCC from an environmental impact review, effectively meaning that the plan has been shelved.
The WCC LNG project, led by Exxon and also participated by Imperial Oil Resources Ltd, withdraws from the Environmental Assessment process in British Columbia, the WCC LNG website says in a notice, adding that the website will be available until the end of 2018.
The project, which has been reviewed in Canada since 2015, proposed the development and operation of the WCC LNG Project in Tuck Inlet, within the city limits of Prince Rupert. The proposed Project was to include production, storage, transfer, and loading of LNG onto LNG vessels for marine transportation to international markets.
"After careful review, ExxonMobil and Imperial (Oil Resources Limited) have withdrawn the WCC LNG project from the environmental assessment process," a spokewoman told Reuters in an emailed comment on Thursday.
"We remain committed to our Canada operations and to ensuring the safe and reliable delivery of oil and gas to our customers," she added.
"At WCC LNG Project Ltd.'s request, the proposed WCC LNG project has been withdrawn from the environmental assessment process," BC's Environmental Assessment Office (EAO) said.
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Nathan Braun, Executive Project Director at the EAO, wrote in a letter to WCC LNG Project Ltd Vice President Scott Pinhey:
"The Environmental Assessment Office (EAO) has granted the request and the WCC LNG Project has been formally withdrawn from the environmental assessment process under the British Columbia Environmental Assessment Act. If you later decide to pursue the WCC LNG Project again, you will be required to start the process over with the submission of a new project description and associated fees. In that case, the EAO may work with you to determine what work, already completed under the withdrawn EA, is still relevant and could be carried over to the new EA."
This year Canada finally got its first LNG export project after the five companies behind the US$30 billion (C$40 billion) LNG Canada made a final investment decision to proceed with the project in early October.
By Tsvetana Paraskova for Oilprice.com
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Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More
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