Petronas gas project in Canada aims to start exports next year

Malaysian state energy company posts 13% net profit decline in 2023 first half

Tengku Muhammad Taufik, center, president and group CEO of Petronas, on August 30 in Kuala Lumpur says a weak global economy will keep the energy market bearish for the rest of the year. (Photo by Norman Goh)

NORMAN GOH and HAKIMIE AMRIE, Nikkei staff writers

August 30, 2023 20:43 JST

KUALA LUMPUR -- Malaysian national energy company Petronas on Wednesday said a multibillion-dollar natural gas export facility in Canada in which it has a 25% stake is expected to be operational by the second half of next year.

Construction of the facility is expected to be completed soon, the company said.