Petronas says firm is not considering sale of proposed LNG terminal in B.C.

VANCOUVER — The Malaysian state-owned oil firm Petronas denies a report that the company was considering selling its stake in a multibillion-dollar liquefied natural gas project in British Columbia.

A statement from Petronas says it remains committed to working with its partners following a conditional approval from the federal government for the proposed Pacific NorthWest LNG project.

A news report indicated the firm was pondering selling its stake, which the company says it “categorically denies.”

B.C.’s Ministry of Natural Gas Development previously said in an email that it spoke with Petronas and was reassured about the company’s involvement in the proposed LNG export terminal.