Petronas, Malaysia’s state-owned oil and gas company, delayed giving the final go-ahead on Wednesday for its planned investment in a $11 billion liquefied natural gas export terminal in British Columbia, citing high costs and other outstanding issues. “Costs associated with the pipeline and LNG facility remain challenging and must be reduced further before a positive FID (final investment decision) can be undertaken,” the company said in a statement. Petronas had hoped to be in a position to green light its Pacific NorthWest LNG project before the end of 2014, but said it still needs more clarity on “substantive items of importance” and is reviewing the impact of declining oil prices on the economic viability of the remote development. The company warned back in October that the economics of the project, part of a roughly $35 billion investment in Canadian gas, were marginal and said […]