Petronas buys Canadian gas producer for US$5.3b
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Petronas buys Canadian gas producer for US$5.3b

Kuala Lumpur : Malaysia | Jun 28, 2012 at 10:06 PM PDT
Source: Channel NewsAsia
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Malaysian state energy firm Petronas has agreed to buy Canada's Progress Energy Resources for US$5.3 billion to secure stable supplies of liquefied natural gas (LNG) from North America, it said. "This acquisition will provide Petronas with significant long term strategic gas resources in a geopolitically... FULL ARTICLE AT Channel NewsAsia
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Petronas is Malaysia's only Fortune 500 company
Petronas is Malaysia's only Fortune 500 company
 
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