Sinopec to buy 15% stake in Petronas’ Canadian LNG facility

KUALA LUMPUR, Malaysia -- Petronas and its subsidiaries Progress Energy Canada Ltd and Pacific NorthWest LNG Ltd have signed transaction agreements with China Petrochemical Corporation (Sinopec) where Sinopec, through its affiliates, will acquire a 15% interest in Progress Energy’s LNG-destined gas reserves in northeast British Columbia and in Pacific NorthWest’s proposed LNG export facility on Canada’s West Coast.

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