Petronas: No final investment decision yet on Canada LNG project


President and CEO Datuk Wan Zulkiflee Wan Ariffin: Petronas) spent about RM500mil on talent management as well as on leadership training and competency building for its 51,000 employees last year.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) on Monday said it has yet to make a final investment decision on its Pacific NorthWest liquefied natural gas (LNG) export terminal project planned in northern British Columbia, Canada.

Petronas president and chief executive officer Datuk Wan Zulkiflee Wan Ariffin said that exploring options to make the proposed project competitive with other LNG producers in North America was currently the main target.

"We will announce the FID (final investment decision) when the time is appropriate," he told a press conference at the second day of the 19th Asia Oil and Gas Conference in Kuala Lumpur on Monday. - Bernama

Get 30% off with our ads free Premium Plan!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Etiquette at an open house
Trump’s presidency a boon
Elevating outdoor oases
GDA stands firm on RM11 offer for MAHB despite directors' rejection
Ringgit expected to trade within narrow range next week amid holiday calm
Oil steady as markets weigh Fed rate-cut expectations
The beauty of Hygr’s formula
Top Glove bullish on outlook amid steady order inflows
US market - prudence is golden
Book speaks volumes about Penang food

Others Also Read