(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