Exmar NV, EDF Trading, and AIJVLP, a joint venture of AltaGas Ltd. and Idemitsu Kosan Co. Ltd., planned a 550,000-tonne/year, barge-mounted floating facility based on natural gas moved from western Canada via the Pacific Northern Gas Ltd. system.
“The worsening global energy price levels and a challenging market environment have caused the consortium to withdraw from the project,” the group said.