Pacific Energy

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.

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

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

• Natural gas production
• LNG export operations
• CCGT power generation
• LNG receiving terminals
• Upstream oil and gas

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. 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.
2. 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).
3. 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.
4. 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

Core 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

Named customers4 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Guangdong Yudean Natural Gas Co., Ltd.coreStrategic or Co-development Partner · 28 August 201950/50 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 LimitedcoreChannel Partner/ Reseller/ Distributor · 26 June 2019Binding 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.
• CNOOCcoreChannel Partner/ Reseller/ Distributor · 29 September 2018Woodfibre LNG Export and CNOOC signed LNG Agreement for gas supply to Woodfibre LNG facility.
• KBR, Inc.minorImplementation/ SI/ Consulting Partner · 25 October 2016Awarded 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.minorImplementation/ SI/ Consulting Partner · 25 October 2016Awarded FEED contract for Woodfibre LNG natural gas liquefaction plant and export facility. FEED development and EPC proposal scope.
• Guangzhou Gas Group Co., Ltd.coreChannel Partner/ Reseller/ Distributor · 9 May 2016Heads 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.coreChannel Partner/ Reseller/ Distributor · 2 November 2015Strategic 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.minorStrategic or Co-development Partner · 22 May 2015MNK Kisaran PSC consortium with 33.75% interest in unconventional oil and gas block in North Sumatra & Riau.
• New Zealand Oil & Gas MNK Kisaran PTY LimitedminorStrategic or Co-development Partner · 22 May 2015MNK Kisaran PSC consortium with 11.25% interest in unconventional oil and gas block.
• PetroChina (Kunlun Energy)coreStrategic or Co-development PartnerKunlun 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.
• PertaminacoreStrategic or Co-development PartnerJambi 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.
• TalismancoreStrategic or Co-development PartnerPartnership in Indonesian upstream operations including JOB Pertamina-Talisman arrangement at various blocks.
• Jiangsu Guoxin Investment GroupcoreStrategic or Co-development PartnerHolds 10% stake in Jiangsu LNG receiving terminal (JV with PetroChina 55%, PO&G 35%) and partner in Rudong CCGT project.
• Squamish NationcoreStrategic or Co-development PartnerFirst 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

Direct 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

• LinkedInlinkedin.com/company/pacificenergy

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Pacific Energy