PETRONAS ANNOUNCES MAJOR ENTRY INTO ATLANTIC BASIN LNG MARKET

PETRONAS today signed an agreement for the acquisition of a 50% working interest and joint operatorship of the West Delta Deep Marine (WDDM) concession, offshore Egypt and a 35% interest in the Egyptian LNG (ELNG) Project from Edison S.p.A of Italy for a total consideration of approximately Euro 1,600 million.The acquisition positions PETRONAS as one […]