Canadian Manufacturing

Pacific NorthWest LNG president unexpectedly resigns from post

Consortium led by Malaysian energy giant Petronas said Greg Kist plans to return to family in Alberta



VANCOUVER—The president of Pacific NorthWest LNG, which is looking to build a multi-billion-dollar liquefied natural gas (LNG) project near Prince Rupert, B.C., has resigned, the consortium led by Malaysian energy giant Petronas said.

Pacific NorthWest LNG said Greg Kist plans to return to his home and family in Alberta.

“Under Greg’s leadership, the company was formed and continues to work towards a final investment decision this year,” Pacific NorthWest chairman Dato’ Wee Yiaw Hin said in a statement.

“He leaves Pacific NorthWest LNG as a strong company with an excellent management team and a committed, dedicated group of employees.”

Progress Energy Canada Ltd. chief executive Michael Culbert, who also serves as a director of Pacific NorthWest LNG, will take on the role of acting president of the company.

Progress Energy is owned by Petronas.

Pacific NorthWest LNG is one of several groups developing LNG projects on the West Coast.

The company said earlier this week that it was reviewing the details of the B.C. government’s new LNG tax.

The CEO of Petronas had raised concerns that an earlier version of the tax, along with a sluggish regulatory process, had put the economics of the proposed export facility into question.

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