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Nikkei Markets

Malaysia's Petroliam Nasional Sells 10% LNG 9 Stake For $500 Million

By Gho Chee Yuan
Nikkei Markets
KUALA LUMPUR (Jul 27) -- Malaysia's national oil company Petroliam Nasional has disposed 10% stake in Petronas LNG 9 to Thailand-based PTT Exploration and Production Public Company (PTTEP) for $500 million.

"The acquisition of equity interest in Petronas LNG 9 is part of PTTEP's strategy to synergize with PTT Public Company Limited in the integrated LNG value chain to meet the country's growing energy demand," PTTEP said in an exchange filing Thursday.

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