May 31, 2018 / 8:44 AM / 19 days ago

Malaysia's Petronas to take 25 percent stake in LNG Canada

(Reuters) - Malaysia’s Petronas said on Thursday it had agreed to buy a 25 percent stake in the LNG Canada project.

Petronas will buy the equity stake in the project in British Columbia, Canada through its North Montney LNG LP unit, it said in a statement.

LNG Canada is a joint venture between Royal Dutch Shell Plc, PetroChina Co Ltd, Mitsubishi Corp and Korea Gas Corp. Upon completion, Shell will be the biggest shareholder with a 40 percent stake in LNG Canada.

Reporting by Ismail Shakil in Bengaluru; Editing by Gopakumar Warrier

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