Malaysia’s Sarawak state to take 10 pct stake in Petronas LNG facility

Dateline 2018-01-16, Nasdaq:

Malaysian energy firm Petroliam Nasional Berhad, or Petronas, said the Sarawak state government will take an equity stake in one of its liquefied natural gas (LNG) production facilities.

The state government has signed a term sheet with Petronas for an equity participation in LNG Train 9 at the company’s LNG complex in Bintulu, Sarawak, Petronas said in a statement on Monday.

Sarawak will take a 10 percent equity stake, according to state news agency Bernama.

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