Petronas to spend $5 billion on Canadian LNG project -executive


Malaysian state oil and gas firm Petronas expects to spend $5 billion on a project in west Canada to export liquefied natural gas (LNG), a senior company official said on Tuesday.

The project, known as Pacific NorthWest LNG, will build two LNG trains of 6 million tonnes per year (tpy) each by the end of 2018 or 2019, Arif Mahmood, vice president of corporate planning at Petronas told an industry conference.

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Petronas also plans to make a final investment decision on its second floating LNG project in Malaysia later this year, he said. The FLNG project will be at the Rotan Field in Block H and could start production in 2016, he said.

(Reporting by Florence Tan; Editing By Tom Hogue)

(This story was refiled to correct the name of the LNG project in Canada to Pacific NorthWest LNG)