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


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

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 includes 1 file(s)

  • Sinopec and China Huadian acquire 15% stake in PETRONAS' proposed Canadian LNG project PDF - 2.21 MB 4 Pages, 1 Tables, 1 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

For investors and businesses, this deal insight report provides an understanding of the effect this deal will have on the market, including oil and gas pricing and assumptions. Use it to keep up to date with deal announcements, gain expert insights and analyse potential developments that might affect your strategy.

Wood Mackenzie goes beyond company-reported data and announcements to give you an independent and informed view. Our unique valuation metrics are underpinned by our deep understanding of upstream assets and companies. We help you objectively benchmark and evaluate asset and corporate deals so you can compare deal economics around the world.

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

In this report there are 2 tables or charts, including:

  • Executive summary
  • Transaction details
  • Upstream assets
    • Location of PETRONAS Montney land and LNG export terminal
  • Deal analysis
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
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