Malaysian oil firm Petronas will snap up a 25% stake in an LNG project in Canada.
Partners in the LNG Canada development in Kitimat, British Columbia, have not yet reached a final investment decision.
LNG Canada recently selected the joint venture of JGC Corporation and Fluor as the engineering, procurement and construction contractor for the project.
Project partners are “currently finalising materials in preparation for a final investment decision”, according to Shell, which has 40% stake.
Other parties include PetroChina Canada (15%), Mitsubishi (15%) and Kogas (5%).