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Business

Terminates pact to develop regasification plant in Sabah

KUALA LUMPUR (NewsRise) -- Petronas Gas and Sabah Energy Corporation have mutually terminated a pact to jointly develop a liquefied natural gas project in the Malaysian state of Sabah.

     "In view of the prolonged uncertainty of the regasification terminal Lahad Datu Project, the parties to the Shareholders Agreement have mutually agreed to terminate the said SHA effective 10 February 2016," Petronas Gas said in a stock exchange filing.

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