Petronas follows up Progress deal with $5.4Bln takeover bid and firm LNG project

Friday, 29 June 2012

The $1 billion deal last year between Petronas and Progress Energy Resources Corp. for a joint venture in the prolific Montney shale for an LNG project has now progressed into a full-blown $5.4Bln takeover offer by the Malaysian energy company for the Canadian company.


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