The Financial Post reports in its Tuesday edition Malaysia's Petronas expects to make a final investment decision (FID) on an $11-billion liquefied natural gas export terminal in British Columbia by June. A Reuters dispatch to the Post quotes Petronas chief executive officer Shamsul Azhar Abbas as saying the state-owned company had agreed to farm out about 38 per cent of the Pacific NorthWest LNG project project, and was in talks with a Chinese buyer for another 10 to 12 per cent. Mr. Shamsul said Petronas could wait until end of June to make an FID on the project. Petronas delayed giving a final go-ahead on the project plans in December, citing high costs and other outstanding issues. It had warned that the economics of the project, part of a roughly $35-billion investment in Canadian gas, were marginal and said it could delay an investment by up to 15 years if outstanding issues around taxation, regulation and costs were not resolved. Mr. Shamsul said on Friday that issues with the B.C. government had been "resolved amicably." A decision by Canadian Prime Minister Stephen Harper to provide tax breaks for LNG projects was also a good sign, he added. Petronas plans to cut spending over the next two years.