PETRONAS Canada

petronas-canada

In an earlier post I had noted how on July 13 2018, LNG Canada formally welcomed PETRONAS as their fifth Joint Venture participant and how this investment was connected with TransCanada’s Coastal GasLink pipeline that is building to transport the natural gas from Dawson Creek to the LNG Canada terminal in Kitimat.  Much of the gas to be transported to market via the pipeline and terminal will , of course, come from  PETRONAS owned Progress Energy’s own gas fields in the North Montney area. On November 22, 2018 Progress Energy Canada Ltd. changed its name to  PETRONAS Energy Canada Ltd. (PETRONAS Canada). Mark Fitzgerald, President & CEO of PETRONAS Canada said, “The name change is a reflection of our parent company’s commitment to Canada and the strength of our business in the company’s overall portfolio.” Malaysian Crown corporation PETRONAS now not only owns one of the largest natural gas resources in the Montney basin, but is also a key player in getting Canadian LNG to market across the Pacific ocean.

Image: http://mole.my/petronas-jv-participants-reach-final-investment-decision-on-lng-canada/
https://www.energeticcity.ca/2018/07/petronas-now-officially-a-partner-in-lng-canada/
http://www.coastalgaslink.com
https://boereport.com/2018/11/23/progress-energy-changes-name-to-petronas-energy-canada/
https://www.petronascanada.com/

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