Petronas

Petronas entered into an agreement with Sinopec and China Huadian Corporation to sell a 15% interest in the Pacific Northwest Liquefied Natural Gas (LNG) Project in Canada. Sinopec will acquire 10% interest in the project, while China Huadian will acquire 5% interest in the project. The agreement also includes a commitment from Sinopec to offtake 1.2 million tonnes per annum of LNG for a minimum period of 20 years, while China Huadian will offtake 600 000 tonnes per annum. Located on Lelu Island, within the District of Port Edward, on land administered by the Port of Prince Rupert, British Columbia, the pipeline has a capacity of 12 million tonnes per annum.


STAY CONNECTED

Don't miss the latest content delivered to your email box weekly. Sign up for the JPT newsletter.