American multinational oil giant, Exxon Mobil Corporation, on Thursday announced that the company has withdrawn its environmental assessment application for a $25-billion West Coast Canada LNG export facility.
Exxon's exit from the West Coast LNG export industry, which at one time attracted more than 20 proposals, would mean apparent shelving of the WCC LNG project.
The WCC LNG export project, located in British Columbia, was expected to produce ~15 million tons/year of LNG to serve Asian buyers, with plans to enhance production as much as 30 million tons/year.
Exxon's decision to exit from the project, according to analysts, indicates that the company plans to enhance its focus on LNG projects with Qatar Petroleum and a proposed expansion of its chilled-gas operation in Papua New Guinea.