Friday, 08 June 2018 11:33

Petronas buys stake in LNG Canada

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Malaysian state-owned energy company Petronas says one of its wholly-owned entities has signed an agreement for an equity position in the LNG Canada project in Kitimat, BC.  The Petronas-owned North Montney LNG Limited Partnership would hold a 25 per cent stake in the LNG Canada project. Shell Canada Energy would hold 40 per cent, PetroChina Canada Ltd., would have a 15 per cent stake, Mitsubishi Corp., subsidiary Diamond LNG Canada Ltd., would also hold 15 per cent, and Kogas Canada LNG Ltd., would have the remaining five per cent. Petronas says the proposed project includes the design, construction and operation of a gas liquefaction plant and facilities for the storage and export of liquefied natural gas, including marine facilities.

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