Pacific Oil & Gas

What Pacific Oil & Gas does

Pacific Energy Corporation Limited (formerly Pacific Oil & Gas Limited, rebranded October 25, 2021) is an independent, privately held energy resources development company founded in 2002 by Sukanto Tanoto. The company develops, builds, owns, and operates cost-competitive assets across the natural gas supply chain — upstream natural gas exploration and production in Canada via wholly owned subsidiary Pacific Canbriam Energy Limited; midstream and downstream LNG receiving terminals in China (Jiangsu LNG Receiving Terminal, Rudong LNG Receiving Terminal); LNG export infrastructure in British Columbia (Woodfibre LNG Project); and combined cycle gas turbine (CCGT) power generation in China (Xiamen, Wuxi, and Jiangsu Rudong CCGT plants). The core offering is therefore project development and operation of physical energy infrastructure rather than software or services, supported by over 35 years of founder-level experience in industrial and energy projects.

The business is split across three revenue streams: natural gas production and sales (via Pacific Canbriam Energy); LNG infrastructure and terminal operations (regasification fees, terminal services, and LNG trading at owned Chinese terminals and the planned Woodfibre export project); and power generation (electricity sales from CCGT plants to regional Chinese grids). The go-to-market is sales-led, B2B infrastructure development — projects are originated, financed, and built through subsidiaries and joint ventures with local enterprises in target geographies, and demand is anchored by government offtake, regional grid sales, and industrial counterparty agreements rather than open-market customer acquisition. Customer concentration is structurally high given the project-based nature of the assets.

Pacific Energy operates a trans-Pacific footprint across Canada and China with headquarters referenced both in Singapore (firmographic record) and Vancouver (website), and reported headcount of 101-250. Ownership remains concentrated with the founding family, with no disclosed institutional investors, public listing, or material funding rounds. Strategic focus is on long-cycle, cost-competitive energy supply infrastructure in markets with rising energy demand, particularly mainland China's LNG and gas-fired power sector.

Name

Pacific Oil & Gas

Legal name

Pacific Energy Corporation Limited

Website

https://po-and-g.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

101–250 employees

Short description

Pacific Energy Corporation Limited (formerly Pacific Oil & Gas) is an independent, privately held energy infrastructure developer founded in 2002 by Sukanto Tanoto. It develops, owns, and operates natural gas production in Canada, LNG terminals in China and Canada, and CCGT power plants in China, serving regional Chinese grids and North American gas markets.

Ownership category

akta.pro rank

Product category

Energy Infrastructure

NAICS

Natural Gas Extraction (21113), Natural Gas Distribution (2212)

SIC

Cogeneration Services & Small Power Producers (4991), Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Gas-to-Power Project Development (IPP/CPP, Permitting, Financing) (EUALALAC)

akta.pro secondary industries

Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB), Industrial CNG/LNG Supply & Distribution (Virtual Pipelines, Trucking, Satellite Storage) (EUALALAA), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

Keywords

• Natural gas exploration
• LNG terminal operations
• CCGT power generation
• Energy infrastructure development
• Upstream midstream energy

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Personnel, Technology or R&D

Revenue model

1. Natural Gas Production and Sales: Exploration and production of natural gas conducted in Canada through subsidiary Pacific Canbriam Energy, generating revenue from natural gas sales to downstream customers.
2. LNG Infrastructure and Terminal Operations: Development and operation of LNG receiving terminals in China (Jiangsu LNG Receiving Terminal Project, Rudong LNG Receiving Terminal), and LNG export projects (Woodfibre LNG Project). Revenue from terminal services, regasification fees, and LNG trading.
3. Power Generation: Development and operation of combined cycle gas turbine (CCGT) power plants in China (Xiamen CCGT Power Plant, Wuxi CCGT Power Plant, Jiangsu Rudong CCGT Project). Revenue from electricity generation and sales to regional grids.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Pacific Oil & Gas (rebranded to Pacific Energy Corporation Limited in 2021) is an independent energy resources development company that develops, builds, owns and operates cost-competitive projects across the energy supply chain. Its portfolio spans natural gas exploration and production in Canada via subsidiary Pacific Canbriam Energy, LNG receiving terminals and export projects, and combined cycle gas turbine (CCGT) power generation plants primarily in China.

Product overview

Pacific Energy (formerly Pacific Oil & Gas) is an independent energy resources development company operating a portfolio of natural gas, LNG, and power generation assets. The company develops, builds, owns and operates projects across the energy supply chain through its subsidiaries and partnerships. Key operations include natural gas exploration and production via Pacific Canbriam Energy in Canada, LNG receiving terminals in China (Jiangsu and Rudong), LNG export projects (Woodfibre LNG in Canada), and multiple combined cycle gas turbine (CCGT) power plants in China (Xiamen, Wuxi, and Jiangsu Rudong).

Differentiator

Problem solved

Functional benefit

Products and services

• Pacific Canbriam Energy (Natural Gas E&P)
• Jiangsu LNG Receiving Terminal Project
• Woodfibre LNG Project
• Rudong LNG Receiving Terminal
• Xiamen CCGT Power Plant
• Wuxi CCGT Power Plant
• Jiangsu Rudong CCGT Project

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• Pacific Canbriam Energy (formerly Canbriam Energy Inc.)coreStrategic or Co-development PartnerSubsidiary company conducting natural gas exploration and production operations in Canada. Canbriam Energy Inc. rebranded to Pacific Canbriam Energy Limited as part of corporate restructuring.
• Local Enterprises (China)coreStrategic or Co-development PartnerPacific Energy builds partnerships with local enterprises for energy infrastructure development in China, including LNG receiving terminals and CCGT power plants in Jiangsu province, Xiamen, and Wuxi.
• Pacific Canbriam Energy LimitedcoreStrategic or Co-development PartnerRebranded subsidiary conducting Canadian natural gas exploration and production as part of Pacific Energy Group's North American operations.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Venture Global LNG: Venture Global develops and operates large-scale North American LNG export terminals with associated upstream gas supply, comparable to Pacific's Woodfibre LNG export project plus Canbriam upstream gas production model in British Columbia.
• Tourmaline Oil: Tourmaline Oil is a major Canadian natural gas exploration and production company focused on Western Canadian Sedimentary Basin assets, directly comparable to Pacific Canbriam Energy's natural gas E&P operations in British Columbia.
• New Fortress Energy: New Fortress Energy develops, owns, and operates LNG infrastructure and gas-to-power projects globally, most analogous to Pacific's integrated LNG receiving terminal plus CCGT model across multiple jurisdictions. Both companies convert LNG into electricity via captive or near-captive gas-fired generation assets.
• Tellurian: Tellurian is an LNG developer with integrated upstream gas production and proposed gas-fired power generation, closely mirroring Pacific's planned Woodfibre LNG export + Canadian upstream gas platform. Both pursue integrated gas value-chain strategies anchored on LNG liquefaction.
• ENN Energy: ENN Energy is a major natural gas distributor and LNG terminal operator in China with a portfolio of city gas and energy infrastructure assets, directly comparable to Pacific's stated position as 'one of the leading players in the China LNG market' with operating receiving terminals and CCGT plants.
• Hong Kong and China Gas (Towngas): Towngas develops and operates natural gas distribution, LNG receiving, and energy infrastructure across mainland China, directly comparable to Pacific's Jiangsu/Rudong LNG receiving terminals and broader China-focused gas-to-power project portfolio.

Broad incumbents

• Cheniere Energy: Cheniere is the largest US LNG export developer and operator with integrated liquefaction infrastructure, comparable in business model to Pacific's Woodfibre LNG export project but at greater scale and as a publicly listed pure-play incumbent.
• Capital Power: Capital Power owns and operates a fleet of natural gas-fired and renewable power generation facilities across North America, comparable to Pacific's CCGT power generation business (Xiamen, Wuxi, Jiangsu Rudong) but with broader geographic and technology diversification.
• Sempra Infrastructure: Sempra Infrastructure develops and operates LNG export terminals and energy infrastructure projects in North America, broadly comparable to Pacific's LNG terminal and gas-to-power development model as part of a larger diversified utility parent.

Regional players

• LNG Canada (Shell-led JV): LNG Canada is developing a major LNG export facility in Kitimat, British Columbia, comparable as a Canadian Pacific coast LNG export project to Pacific's Woodfibre LNG project in Squamish, BC. Both target the same regional LNG development ecosystem in British Columbia.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/po-and-g

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pacific Oil & Gas