BY EDWARD WELSCH
CALGARY, Alberta?Malaysian state-owned Petroliam Nasional Bhd. agreed to buy Canadian natural-gas producer Progress Energy Resources Corp. for 5.5 billion Canadian dollars (US$5.36 billion), marking the latest foray into the North American energy patch by an Asian company.
Petronas also said it plans to build a liquefied-natural-gas export terminal in Prince Rupert, British Columbia, off Canada's western coast?the fourth major LNG export project under consideration for the country.
North American natural-gas prices have fallen sharply amid a boom in new natural-gas drilling techniques on the continent. That has spurred a number of projects, all in the early stages, in the U.S. ...
BY EDWARD WELSCH
CALGARY, Alberta?Malaysian state-owned Petroliam Nasional Bhd. agreed to buy Canadian natural-gas producer Progress Energy Resources Corp. for 5.5 billion Canadian dollars (US$5.36 billion), marking the latest foray into the North American energy patch by an Asian company.
Petronas also said it plans to build a liquefied-natural-gas export terminal in Prince Rupert, British Columbia, off Canada's western coast?the fourth major LNG export project under consideration for the country.
North American natural-gas prices have fallen sharply amid a boom in new natural-gas drilling techniques on the continent. That has spurred a number of projects, all in the early stages, in the U.S. ...
Source: http://online.wsj.com/article/SB10001424052702303649504577494352051901884.html?mod=asia_home
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