One-Page Deal Sheet
PetroleumBrunei Buys in to Pacific LNG Project
Petroleumbrunei Pacific Northwest Lng, Petronas, Progress Energy Canada Ltd.
Announced Date
December 09,2013
Transaction Type
JV
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
Progress Energy Canada Ltd., Pacific NorthWest LNG Ltd. and Petroliam Nasional Berhad (PETRONAS) have signed transaction agreements whereby PetroleumBRUNEI, through its affiliates, will acquire a 3 percent interest in Progress Energy Canada's natural gas assets in northeast British Columbia and in the proposed Pacific NorthWest LNG export facility on Canada's West Coast, in the District of Port Edward.
As part of the transaction, PetroleumBRUNEI has agreed to buy a 3 percent share of the liquefied natural gas (LNG) facility's production for a minimum period of 20 years.
The agreement builds…
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