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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This entry was posted on Sunday, March 4th, 2018 at 6:19 am and is filed under investment, Malaysia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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