KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said not enough investment was made in oil and gas projects during the times when oil prices were low especially in the projects that required a long gestation period.

President and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said that in the last few years, there had not been many final investment decisions (FIDs) on liquefied natural gas (LNG) projects and the industry would be seeing the impact in the next few years.