Deal Insight

Sinopec and China Huadian acquire 15% stake in PETRONAS' proposed Canadian LNG project

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Report summary

PETRONAS has announced a further farm down at its proposed Pacific NorthWest LNG export facility, on the British Columbia coast. Sinopec, along with state-owned electricity producer China Huadian, will acquire a combined 15% interest in both the proposed LNG development and the associated Montney feedgas position. In addition, the Chinese firms will offtake a total 1.8 million tonnes per year (mmtpa) of equity LNG, which represents 15% of the first two trains' combined LNG production capacity.

What's included

This report contains

  • Document

    Sinopec and China Huadian acquire 15% stake in PETRONAS' proposed Canadian LNG project

    PDF 2.21 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 2 images and tables including:

Tables

  • Oil & gas pricing and assumptions: Table 1

Images

  • Location of PETRONAS Montney land and LNG export terminal

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