Petronas and its partners have decided to delay a decision on their Northwest Pacific LNG project.
The 36 billion dollar proposed project would see natural gas produced, liquefied and transported from northeast B.C. to Prince Rupert.
The company says in a statement that costs associated with the pipeline and facility remain challenging and must be reduced before a decision can be undertaken.
However, the press release goes on to say that Pacific NorthWest LNG will continue work to secure necessary regulatory and other approvals from the Government of Canada.
Premier Christy Clark says the province is still on track to build a liquefied natural gas industry and secure new economic growth.