Petronas committed to LNG long game in Canada: CEO
Last year, Petronas cancelled its $36 billion Pacific NorthWest LNG project tentatively slated for northern B.C., citing changing market conditions. Despite that outcome, Anuar Taib, executive vice-president and CEO of upstream at Petronas, says the multinational is committed to being in Canada for a “very, very long time.” Where Petronas once used to avoid the West, he says the company is squarely looking at the Americas for growth, with a 300-to-400-person team at Calgary-based subsidiary Progress Energy Canada Ltd. serving as the company’s global hub for unconventional resources.