Pacific Energy
Pacific Energy is a Singapore-headquartered, RGE-group-affiliated energy development company operating integrated natural gas assets — upstream E&P (Pacific Canbriam), LNG export (Woodfibre), LNG terminals, and CCGT power plants — across Canada, China, and Indonesia.
- Company typePrivate
- Founded2003
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Pacific Energy does
Pacific Energy Corporation Limited (formerly Pacific Oil & Gas Limited) is a Singapore-headquartered, privately held energy resources development company and a subsidiary of the RGE (Royal Golden Eagle) group. Founded in 2003 and rebranded in October 2021, the company develops, builds, owns, and operates assets across the full natural gas value chain — upstream exploration and production, midstream LNG terminals, and downstream power generation — in Canada, China, and Indonesia.
Its operating portfolio consists of Pacific Canbriam Energy (liquids-rich natural gas E&P in the British Columbia Montney), the Woodfibre LNG export project (2.1 MTPA near Squamish, BC, designed with electric-drive liquefaction powered by hydroelectricity for an 80% emissions cut), three Chinese CCGT power plants totaling multiple gigawatts (Xiamen, Wuxi, Jiangsu Rudong), and minority/50/50 JV stakes in two Chinese LNG receiving terminals (Jiangsu LNG with PetroChina; Yangjiang LNG with Guangdong Yudean). Its Indonesian upstream footprint spans the Jambi Merang PSC (25% interest) and MNK Kisaran PSC (consortium-led, ~55% interest).
Pacific Energy monetizes via long-term take-or-pay offtake agreements (BP at 0.75 MTPA for 15 years; Guangzhou Gas at 1 MTPA for 25 years; CNOOC for feedstock gas) and regulated/wholesale tariffs at its power plants. Major infrastructure is financed through project finance debt and joint-venture equity with state-owned partners; the parent RGE group reports consolidated assets exceeding US$35 billion and an 80,000-employee workforce. Revenue figures are not publicly disclosed at the Pacific Energy level.
Pacific Energy firmographics
Firmographics- Name
- Pacific Energy
- Legal name
- Pacific Oil & Gas
- Website
- https://pacificenergycorp.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Pacific Energy is a Singapore-headquartered, RGE-group-affiliated energy development company operating integrated natural gas assets — upstream E&P (Pacific Canbriam), LNG export (Woodfibre), LNG terminals, and CCGT power plants — across Canada, China, and Indonesia.
- Ownership category
- akta.pro rank
Pacific Energy industry classification
Industry- Product category
- Energy Infrastructure & Natural Gas Operations
- NAICS
- Electric Power Generation (22111), Natural Gas Distribution (221210)
- SIC
- Cogeneration Services & Small Power Producers (4991), Natural Gas Transmission (4922)
- akta.pro primary industry
- Real Assets — Energy & Power Infrastructure (Renewables, Conventional, Storage) (FSAHAIAD)
- akta.pro secondary industry
- Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ)
Keywords
Where Pacific Energy is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices5 records
Markets served
Pacific Energy business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Natural Gas Exploration and Production: Pacific Energy explores for and produces natural gas through its subsidiary Pacific Canbriam Energy in northeast British Columbia, Montney region. The gas is sold into domestic markets and exported via the Woodfibre LNG facility.
- LNG Export (Woodfibre LNG): Liquefaction and export of natural gas for 40-year export license period, supplying Asian markets including BP (0.75 MTPA for 15 years) and Guangzhou Gas (1 MTPA for 25 years starting 2020).
- LNG Receiving Terminal Operations: Ownership stakes in LNG receiving terminals in China including Jiangsu LNG (35% stake), Yangjiang LNG (50% with Guangdong Yudean), and Cangzhou LNG. Terminals process and regasify LNG for domestic distribution.
- CCGT Power Plant Operations: Development, ownership and operation of combined cycle gas turbine power plants including Xiamen CCGT (100% owned, first wholly foreign-owned CCGT in China) and Wuxi CCGT (70% stake), generating electricity from natural gas.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Pacific Energy product offering
Product offeringCore offering
Pacific Energy is an independent energy resources development company that develops, builds, owns, and operates cost-competitive projects across the natural gas value chain. Its portfolio spans upstream exploration and production (Pacific Canbriam Energy in British Columbia), midstream LNG infrastructure (Woodfibre LNG export facility, Jiangsu and Yangjiang LNG receiving terminals in China), and downstream combined cycle gas turbine (CCGT) power generation (Xiamen, Wuxi, and Jiangsu Rudong CCGT power plants).
Product overview
Pacific Energy is an independent energy resources development company focused on meeting the energy needs of North American markets and growing Asian economies. The company develops, builds, owns and operates cost-competitive projects throughout the energy supply chain. Its portfolio includes: Pacific Canbriam Energy (natural gas exploration and production in Canada), Woodfibre LNG Project (LNG export facility in British Columbia), Jiangsu LNG Receiving Terminal and Yangjiang LNG Peak-shaving Storage Project (LNG receiving terminals in China), and Xiamen CCGT, Wuxi CCGT, and Jiangsu Rudong CCGT power plants (combined cycle gas turbine power generation in China).
Differentiator
Problem solved
Functional benefit
Brands
- Pacific Canbriam Energy: Subsidiary focused on exploration and production of liquids-rich natural gas in the Altares and Kobes Montney regions of northeast British Columbia, Canada. An industry leader in water management and recycling with ownership of all infrastructure. EO100 Standard certified. Rebranded from Canbriam Energy Inc. in October 2019.
- Woodfibre LNG
Products and services
- Pacific Canbriam Energy Subsidiary focused on exploration and production of liquids-rich natural gas in the Altares and Kobes Montney regions of northeast British Columbia, Canada. Pacific Canbriam Energy is an industry leader in water management and recycling with ownership of all infrastructure and holds EO100 Standard Certification.
- Woodfibre LNG Project Liquefied natural gas (LNG) export facility located near Squamish, British Columbia, approximately 70km from Vancouver, with storage capacity of 250,000 m3 and annual production of approximately 2.1 million tonnes per annum of LNG. Uses electric drive (eDrive) liquefaction technology powered by renewable hydroelectricity to cut emissions by 80%.
- Jiangsu LNG Receiving Terminal Project Joint venture LNG receiving terminal in Rudong County, Jiangsu Province, China. Phase 1 capacity of 3.5 million tonnes per year, expandable to 6.5 million tonnes per annum in Phase 2. Pacific Energy holds 35% stake with PetroChina (55%) and Jiangsu Guoxin (10%).
- Xiamen CCGT Power Plant The first 100% foreign-owned combined cycle gas turbine (CCGT) power plant in China, located in Xiamen, Fujian Province. Total design capacity of 1,560 MW (4x390MW units), with Phase 1 comprising 2x390MW units. Reduces dust emissions by 520 tons, SO2 by 1,950 tons, and CO2 by 1.64 million tons annually.
- Wuxi CCGT Power Plant Combined cycle gas turbine power plant located in Wuxi, Jiangsu Province, China. Pacific Energy owns a 70% stake. Wuxi's largest natural gas power plant with total investment of RMB 10 billion.
- Jiangsu Rudong CCGT Project Combined cycle gas turbine power plant project jointly developed with PetroChina and Jiangsu Guoxin Investment Group. Pacific Energy holds a 55% majority stake. Phase 1 capacity is 1,560 MW, expandable to 3,120 MW in Phase 2.
- Yangjiang LNG Peak-shaving Storage Project Joint venture (50/50) with Guangdong Yudean Natural Gas Co., Ltd. located in Yangjiang City, Guangdong, China. Features one LNG jetty (10,000-217,000 m3 capacity), two LNG storage tanks of 160,000 m3 each, with annual processing capacity of 2.8 million tons, ultimately reaching 6 million tons/year.
Quantifiable outcome
- Woodfibre LNG will cut emissions by 80% using hydroelectric power
- +3 more outcomes
Companies that use Pacific Energy
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Pacific Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Pacific Energy partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core and minor.
- Guangdong Yudean Natural Gas Co., Ltd.core50/50 partnership for Yangjiang LNG Peak-shaving Storage Project located in Jishu Port District, Yangjiang Port. Annual processing capacity of 2.8 million tons, ultimately reaching 6 million tons/year.
- BP Gas Marketing LimitedcoreBinding LNG Sales and Purchase Agreement with Woodfibre LNG Export for 0.75 MTPA LNG over 15 years FOB basis, with first delivery expected in 2023. BP Canada to provide gas transportation and balancing services.
- CNOOCcoreWoodfibre LNG Export and CNOOC signed LNG Agreement for gas supply to Woodfibre LNG facility.
- KBR, Inc.minorAwarded FEED contract for Woodfibre LNG 2.1 MTPA liquefaction export facility. Conducting FEED from Houston and Edmonton offices, producing lump-sum turn-key EPC proposals.
- JGC America, Inc.minorAwarded FEED contract for Woodfibre LNG natural gas liquefaction plant and export facility. FEED development and EPC proposal scope.
- Guangzhou Gas Group Co., Ltd.coreHeads of Agreement for potential LNG offtake of 1 MTPA for 25 years starting 2020. Potential equity investment of up to 10% in Woodfibre LNG Limited.
- Beijing Gas Group Co., Ltd.coreStrategic Cooperation Framework Agreement signed in Beijing, witnessed by BC Premier Christy Clark, outlining cooperation including working towards LNG offtake agreement.
- Bukit Energy Resources Barumun Pte. Ltd.minorMNK Kisaran PSC consortium with 33.75% interest in unconventional oil and gas block in North Sumatra & Riau.
- New Zealand Oil & Gas MNK Kisaran PTY LimitedminorMNK Kisaran PSC consortium with 11.25% interest in unconventional oil and gas block.
- PetroChina (Kunlun Energy)coreKunlun Energy signed Strategic Cooperation MOU with Pacific Oil & Gas in April 2018. PetroChina holds 55% stake in Jiangsu LNG JV with PO&G holding 35%. PO&G also partnered with PetroChina and Jiangsu Guoxin for Rudong LNG and CCGT projects.
- PertaminacoreJambi Merang Block comprises Pacific Oil & Gas (25%), Amerada Hess (25%) and Pertamina (50%). PO&G also holds interests in Kisaran Block and is evaluating further upstream investments in Indonesia.
- TalismancorePartnership in Indonesian upstream operations including JOB Pertamina-Talisman arrangement at various blocks.
- Jiangsu Guoxin Investment GroupcoreHolds 10% stake in Jiangsu LNG receiving terminal (JV with PetroChina 55%, PO&G 35%) and partner in Rudong CCGT project.
- Squamish NationcoreFirst industrial project in Canada to receive environmental approval from First Nations government. 25 conditions issued including air cooling technology, no LNG carrier bunkering in territory, co-management of environmental plans.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Pacific Energy competitors and assessment
Company assessmentDirect peers
- Tourmaline Oil: Largest Montney-focused Canadian natural gas producer, directly comparable to Pacific Canbriam Energy's liquids-rich gas operations in the same Altares/Kobes Montney fairway.
- Pavilion Energy: Singapore-based LNG trading and distribution company; comparable Asia-focused LNG buyer/seller model operating in the same regional Pacific basin.
- ARC Resources: Major Montney/Deep Basin natural gas producer with adjacent infrastructure; comparable upstream asset profile to Pacific Canbriam with similar liquids-rich gas exposure.
- Cheniere Energy: Largest US LNG exporter with long-term SPAs to Asian and European buyers; directly comparable to Pacific Energy's Woodfibre LNG export model and integrated LNG value chain strategy.
- Venture Global LNG: US LNG developer with multi-facility export strategy; comparable integrated gas-to-LNG-to-power export model targeting Asian demand growth.
Broad incumbents
- Woodside Energy: Major Australian LNG producer with global LNG portfolio; comparable integrated gas value chain and Asian offtake focus, though at much larger scale.
- ENN Energy: One of China's largest city gas distributors; overlaps with Pacific Energy's Jiangsu LNG, Yangjiang LNG, and downstream CCGT gas offtake model in the same Chinese market.
Others
- CNOOC: Chinese state-owned offshore oil & gas major and JV partner to Pacific Energy; comparable upstream-to-LNG value chain in the same Asia-Pacific basin.
Emerging players
- Tellurian: US LNG developer pursuing integrated upstream-to-LNG model comparable to Pacific Energy's Woodfibre strategy, though at a smaller pre-FID stage.
- NextDecade: Developing Rio Grande LNG export facility with integrated CCS plans; comparable greenfield LNG export project structure targeting similar Asian offtake markets.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Pacific Energy social profiles
Digital presencePacific Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pacific Energy leadership team
Management profileNumber of profiles
Profiles1 record
Pacific Energy subsidiaries and ownership
Company hierarchySubsidiaries8 records
Pacific Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pacific Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pacific Energy
What does Pacific Energy do?
Pacific Energy is an independent energy resources development company that develops, builds, owns, and operates cost-competitive projects across the natural gas value chain. Its portfolio spans upstream exploration and production (Pacific Canbriam Energy in British Columbia), midstream LNG infrastructure (Woodfibre LNG export facility, Jiangsu and Yangjiang LNG receiving terminals in China), and downstream combined cycle gas turbine (CCGT) power generation (Xiamen, Wuxi, and Jiangsu Rudong CCGT power plants).
Is Pacific Energy a public or private company?
Pacific Energy is a private company. It is classified as corporate owned and is currently operating.
When was Pacific Energy founded?
Pacific Energy was founded in 2003. It employs 101 to 250 people.
Where is Pacific Energy based?
Pacific Energy is headquartered in Singapore, Singapore, in the Asia region.
How does Pacific Energy make money?
Four revenue lines are on record. Natural Gas Exploration and Production is the primary driver. The others are LNG Export (Woodfibre LNG), LNG Receiving Terminal Operations and CCGT Power Plant Operations.
Who are Pacific Energy's main competitors?
Direct peers on record are Tourmaline Oil, Pavilion Energy, ARC Resources, Cheniere Energy and Venture Global LNG. Broad incumbents are Woodside Energy and ENN Energy. CNOOC is listed as an others. Emerging players are Tellurian and NextDecade.
Does Pacific Energy have an API?
No public API is recorded for Pacific Energy.
What industry is Pacific Energy in?
Pacific Energy's product category is Energy Infrastructure & Natural Gas Operations. Its primary akta.pro industry code is FSAHAIAD, Real Assets — Energy & Power Infrastructure (Renewables, Conventional, Storage), with a secondary code of EUAMAGAJ, Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence). Its NAICS code is 22111 and its SIC code is 4991.