LNG

Oct 13 (LNGJ) - LNG exporter and project developer, Petronas of Malaysia, has spent $2.25 billion in cash to buy Norwegian energy company Statoil's 15.5 percent participating interest in the Shah Deniz production sharing agreement, the same stake in the South Caucasus Pipeline Co. and a 12.4 percent share in the Azerbaijan Gas Supply Co. "The divestment optimises our portfolio and strengthens our financial flexibility to prioritise industrial development and high-value growth," said Lars Christian Bacher, VP  for Development and International Production at Statoil.