All options open on Canadian LNG, says Petronas CEO
Malaysia's flagship energy firm has its sights set on China's import market
Petronas will keep a watching brief on overseas investment plans, even though the bulk of its capital spending plans—estimated in the region of 50-60bn ringgit—($11.54bn-$13.84bn)—are focused on domestic projects such as the Rapid refinery joint venture with Saudi Aramco. Petronas chief executive Wan Zulkiflee told journalists at AOGC 2017 that the company had approval to develop 26 trillion cubic feet of gas reserves in Canada, and was determined to monetise these reserves—but at the "right price and right time". "We've told our project team to explore all options so that the Canadian LNG (liquefied natural gas) plans are competitive with other LNG plants in North America," he said. Floatin
Also in this section
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery
15 July 2025
Government consultations on the windfall tax and the exploration licence ban are positive steps, but it is unclear how long it will take for them to yield tangible outcomes
15 July 2025
A brutally honest picture about the potential role of oil and gas in 2050 should prompt policymakers to not only reflect but also change course to meet vital energy needs
