$1.1 Bn for Canadian shale

摘要

Progress Energy Resources will sell a 50% stakein Canadian British Columbia shale gas assets toMalaysia’s state-owned Petronas for US $1.1 Bn.The move shows how important the shale sectoris becoming in Asia and Petronas hopes to learnfrom its involvement in the Canadian plays.Progress and Petronas will also study the feasi-bility of a new LNG terminal on Canada’s WestCoast, according to reports.