Petronas Energy Canada Limited

Our company has transformed from a junior exploration company in 2001 to being one of the largest natural gas resource owners in Canada. We stand proudly under the PETRONAS global umbrella as PETRONAS Canada.

STATEMENT OF PURPOSE

To be a progressive energy and solutions partner enriching lives for a sustainable future.

We chart our course in Canada based on the PETRONAS global Statement of Purpose and Shared Values.

 With one of the largest natural gas resources in the North Montney, northeast British Columbia, we are well-positioned to provide global markets relying on emission-intensive hydrocarbons, such as coal, with cleaner, responsibly developed Canadian energy. With the energy transition that’s underway, there is significant opportunity in front of us for Canada to be a leader in reducing greenhouse gas emissions in countries around the world, while we also reduce emissions here at home. We want to be at the forefront of that.

We are committed to:

• Ensuring people go home safely
• Performing with excellence
• Being a trusted employer and partner
• Respecting the environment

PETRONAS is one of the largest LNG operators in the world.

 We believe natural gas will play a vital role in the planet’s transition to a low carbon economy and that Canada can and should take a leadership position in reducing emissions globally.

Cleaner-burning natural gas derived from LNG can help to lower global greenhouse gas emissions when used to displace higher-emitting coal-fired electricity generation in China, India and Southeast Asia.

By 2040, about 1,500 megatonnes of carbon dioxide equivalent (MtCO2e) emissions could be eliminated every year if new power plants in China, India and Southeast Asia are fuelled by natural gas instead of coal.

That doesn’t mean we stop working hard to lower the carbon footprint from producing natural gas.

The company’s latest LNG acquisition is a 25% interest in LNG Canada, which is located near Kitimat, British Columbia.  

Construction has started on the project, which will include the design, construction and operation of a gas liquefaction plant and facilities for the storage and export of LNG, including marine facilities. The plant will initially consist of two LNG processing units, referred to as trains, with an option to expand the project in the future to four trains. The plant is expected to be completed in 2023. Once it’s operational, we will be supplying the plant with 500 million cubic feet of gas a day.