KUALA LUMPUR: Discussions on investments in liquefied natural gas, oil, nuclear, and renewable energy took place during the bilateral meeting between Prime Minister Datuk Seri Anwar Ibrahim and Canadian Prime Minister Mark Carney here on Monday (Oct 27).
“Prime Minister (Carney) thanked the Prime Minister of Malaysia for his leadership as ASEAN Chair for 2025 and discussed the Letter of Intent signed between Canada and Malaysia to deepen investment in liquefied natural gas, oil, nuclear, and renewable energy,” the Canadian government said in a statement after Carney attended the 47th Asean Summit and Related Summits.
Carney also met Petronas CEO Tengku Muhammad Taufik, as the national oil company was a major investor in LNG Canada Phase 1, a liquified natural gas facility in Kitimat, British Columbia.
“With Phase 2 of this project now referred to the Major Projects Office, the government is exploring new opportunities to expand our partnership and strengthen Canada’s role as a reliable energy supplier,” the statement read.
“The Prime Minister visited CAE’s training facility in Kuala Lumpur, as Malaysia Airlines signed a deal with CAE to purchase a Canadian-built flight simulator,” it added.
“The world is changing rapidly, and Canada must dramatically change its economic strategy. We must make generational investments to build our economy at home and work relentlessly to diversify our trade partnerships abroad. Now is not the time to be cautious, because fortune favours the bold. Now is the time to bet big on Canadians and play to win,” Carney said.
Canada is embarking on an “ambitious new mission” to double its non-U.S. exports in the next decade.
Negotiations on a new Canada-Asean free trade agreement, which would unlock new markets and opportunities for Canadian workers and businesses across the Indo-Pacific region, were also accelerated.
“The Prime Minister also announced CA$25mil in technical assistance to Asean nations for the agreement’s acceleration and effective implementation,” the statement read.
