Petronas seeks to divest stakes in Northwest LNG

Monday, 18 August 2014

Spiralling costs of over $36 billion Canadian dollars (US$ 33.1bn) to develop the Pacific Northwest LNG project have pushed Malaysia's state-run Petronas to offer stakes in the mega project to four potential partners from Japan and the Middle East. The aim is to raise as much as $15 billion in what would be Canada's biggest ever debt-financing deal.


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