Petronas eyes bigger footprint in Canada
Executive vice president and chief executive officer of upstream business Mohd Jukris Abdul Wahab said Petronas has about 50 trillion cubic feet (TCF) of gas in Canada.
The current LNG Canada project is only in Phase 1, hence the national oil company has embarked on a series of LNG projects backed by this resource portfolio.
"With 50 TCF, we can support several more LNG projects as resource size is not the issue here," he told an editors briefing here today.
Mohd Jukris expressed hope for Canadian government's support for additional LNG projects.
"We are keen to expand our presence there and see Canada as one of our major LNG supply bases going forward," he said.
Petronas shipped the first LNG cargo from the LNG Canada facility on July 8.
Petronas entered Canada in 2012 by acquiring Progress Energy for US$5.3 billion, securing shale gas assets in northeastern British Columbia.
Currently, Petronas operates the North Montney Joint Venture (NMJV) and holds a 25 per cent share in LNG Canada, a significant US$40 billion liquefied natural gas project in Kitimat, British Columbia.
Other LNG Canada partners include Shell plc, PetroChina, Mitsubishi Corp and Korea Gas Corp.
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