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.
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Deal insight | May 2014
Sinopec and China Huadian acquire 15% stake in PETRONAS' proposed Canadian LNG project
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