• LNG sales recorded a two per cent increase in volume compared to the corresponding period last year, mainly attributable to the higher volume from Train 9 and Egyptian LNG. In addition, the PFLNG Satu has delivered two cargoes to India and Taiwan, respectively.
• Despite the decision not to proceed with the PNW LNG project, PETRONAS remains committed to monetise the natural gas resources in the North Montney area in Canada. At 22.3 trillion cubic feet of proven resources, Canada holds the second largest gas resources in PETRONAS' portfolio after Malaysia. To-date, Progress Energy Canada Ltd, a wholly owned subsidiary of PETRONAS, is producing around 540 million standard cubic feet of gas per day to the domestic market, generating revenue of CA$261 million (approximately RM861 million) for the first two quarters in 2017.
• As part of the company’s portfolio high-grading efforts, PETRONAS has decided to divest its position in Algeria and not to proceed with the extension of the Block 1 and 2 Production Sharing Contract in Vietnam. In addition, PETRONAS has secured a third exploration block in Mexico, namely Block 6, in the recently concluded bid round. To-date, PETRONAS has accumulated a total of 5,491 sq kms of exploration acreages in the highly prospective Mexico offshore blocks.