If Petronas Can't Beat U.S. LNG Suppliers,It Could Join Them

摘要

Malaysia's Petroliam Nasional Bhd has pulled the plug on its $27 billion plan to ship liquefied natural gas from Canada's west coast to Asia, losing out to U.S. suppliers who got to market first. Well, if it can't beat them, it may still join them. With its Pacific Northwest LNG project now dead, Petronas, as the state-owned company is known, needs to find a home for the gas produced by its Progress Energy Canada Ltd. unit in Canada's massive Montney formation—and exporting from the U.S. might be its best bet.