One-Page Deal Sheet
Petronas Picks Up 25% Stake in Kitimat LNG Project
Petronas Not Disclosed
Announced Date
May 31,2018
Transaction Type
Working Interest
Asset/Basin:
{Montney}
TargetZones:
{Montney,"North Mont
Transaction Details: Subscribe to see
Petronas has agreed to acquire a 25% equity stake in the Kitimat LNG project in British Columbia, Canada.
Transaction terms were not disclosed.
Having an equity position in this project will enhance PETRONAS’ business intent to develop its world-class natural gas resource in the North Montney, northeast British Columbia through its wholly-owned subsidiary, Progress Energy Canada Ltd.
The composition of ownership in the project will be:
PETRONAS (through NMLLP), (25%) Shell Canada Energy, a subsidiary of Royal Dutch Shell plc, (40%) PetroChina Canada Ltd. (15%) Diamond LNG Canada Ltd., a…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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