Petroleum Brunei Takes 3% Share of Petronas’s Pacific NorthWest LNG Output
The Globe and Mail reports that Petroleum Brunei has agreed to take a 3% share of the LNG output from Petronas’s Pacific NorthWest LNG terminal project at Prince Rupert, British Columbia for a 20-year period. After the deal is completed, Petronas’s share of the Pacific NorthWest LNG project will be reduced to 87% and Japan Petroleum Exploration will have a 10% share.