SEOUL : Malaysia's state energy firm Petronas plans to reserve some liquefied natural gas from its share of a joint venture in Canada to trade in the spot market, a senior executive said.
Petronas has committed about 80 per cent of its 25 per cent equity share from the 14 million tonnes per annum LNG Canada project in Kitimat, British Columbia, that is led by Shell to long-term contracts with customers, Shamsairi told Reuters. "We looked at the forward curve and we would like to continue to be active members in the gas space," he said.
Petronas recently signed a contract to lift 1 mtpa of LNG from Venture Global's Plaquemines LNG project in the United States for 20 years, diversifying its portfolio.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Battle hots up between US and Chinese firms for slice of Asean's data centre marketMust be crazy to hand over your data to the CCP criminals and paying for it at the same time.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Moomoo provides millennials and Gen Zs easy access to US stocks tradingFutu SG aims to help young investors expand their portfolio with its one-stop investment platform. Hey, it’s pronounced mu’u mu’u 😁
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »