Sinopec in discussions to buy 15 per cent stake in Pacific Northwest LNG project

Petronas has been exploring various options to help share the costs associated with the Pacific Northwest LNG project. Earlier this month the company struck a deal with Indian Oil Corporation for a ten per cent stake, and joins existing partner Japan Petroleum Exploration in helping with the project.

Under the potential agreement Sinopec would receive a 1.8 million tonnes per year of the project’s 12 million capacity.

Discussions are also taking place that would see Sinopec investing in the project’s Kitimat terminal.

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