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
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