Petronas

Petronas Inks $7B Deal to Supply LNG Canada Cargoes to CNOOC

Petronas Inks $7B Deal to Supply LNG Canada Cargoes to CNOOC

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has struck a $7 billion liquefied natural gas (LNG) supply deal with China National Offshore Oil Corp. (CNOOC) that includes cargoes from the LNG Canada facility currently under construction in British Columbia. Under the terms of the deal, Petronas would supply 2.2 million metric tons per year (mmty)…

July 7, 2021
Petronas Boosts North Montney Footprint, Sells First Asian LNG Spot Cargo Linked to AECO

Petronas Boosts North Montney Footprint, Sells First Asian LNG Spot Cargo Linked to AECO

Malaysia’s state-owned Petroliam Nasional Berhad, aka Petronas, has increased its ownership of Montney shale production destined for liquefied natural gas (LNG) exports from British Columbia (BC) and added a Canadian price benchmark to its international marketing. Japan Petroleum Exploration Co. Ltd. (Japex) announced that it would sell its 10% share in a BC supply partnership…

May 14, 2021

Global LNG Trading Gaining Another Platform for Physical Cargoes

Australia-based GLX, an online trading platform for liquefied natural gas (LNG), plans to work with the energy price-reporting arm of IHS Markit to start up an end-to-end trading solution to transact physical cargoes.

March 13, 2019
Cheniere’s Sabine Pass LNG Train 6 Near FID as Petronas Contracts for 20-Year Supply

Cheniere’s Sabine Pass LNG Train 6 Near FID as Petronas Contracts for 20-Year Supply

Cheniere Energy Partners LP on Tuesday said it has secured another liquefied natural gas (LNG) supply contract that may help to advance building the sixth train at the Sabine Pass export facility in Cameron Parish, LA.

December 18, 2018

Vitol Inks Deal with Petronas for LNG Canada Supply

International Swiss trading firm Vitol Group, one of the largest energy traders in the world, has stepped forward as a customer for liquefied natural gas (LNG) from the 25% share in the LNG Canada project owned by Malaysia’s state-owned Petronas.

November 30, 2018

LNG Canada Consortium Recruits Petronas as 25% Stakeholder

After dropping out for 10 months, Malaysia’s state-owned energy conglomerate on Thursday rejoined the lineup to start liquefied natural gas (LNG) exports from the Pacific coast of British Columbia by enlisting in the terminal project led by Royal Dutch Shell plc.

May 31, 2018
Pacific NorthWest LNG Cancels Export Terminal Plans in British Columbia

Pacific NorthWest LNG Cancels Export Terminal Plans in British Columbia

Pacific NorthWest LNG canceled plans Tuesday to build a C$11.4 billion ($9 billion) liquefied natural gas (LNG) export terminal on the Pacific coast of British Columbia, citing unfavorable overseas market conditions.

July 25, 2017

Brief — Schlumberger

Schlumberger Ltd.is collaborating with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad (Petronas) on a deepwater multi-client survey in Mexico’s Campeche Basin in the southern Gulf of Mexico. The agreement would license to Petronas part of a wide-azimuth survey conducted by Schlumberger’s seismic business, WesternGeco. The project, Schlumberger said, follows the Mexican government’s decision to license offshore and onshore areas to private entities (see Daily GPI, Sept. 12). More than 80,000 square kilometers, or close to 31,000 square miles, of data have been acquired in the southern Gulf over the last 12 months, the oilfield services operator said.

September 22, 2016

Petronas Hits Pause Button on BC LNG Export Project

The leading contender to build Canada’s first liquefied natural gas (LNG) export terminal on the Pacific Coast of British Columbia (BC) stepped aside Wednesday, saying “challenging” markets prevent making a big commitment.

December 4, 2014
Sinopec Is Fourth Partner in Pacific NorthWest LNG Export Project

Sinopec Is Fourth Partner in Pacific NorthWest LNG Export Project

Affiliates of China Petrochemical Corp. (Sinopec) are acquiring a 15% interest in Progress Energy Canada Ltd.’s gas reserves in northeast British Columbia (BC) and in the proposed Pacific NorthWest LNG Ltd. (PNW LNG) export terminal on Canada’s West Coast.

April 29, 2014
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