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
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
