KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has acquired 40% interest in a proposed integrated liquefied natural gas (LNG) project in Gladstone, Queensland, for about US$2.5bil (RM8.13bil) from Australia's Santos Ltd.
This comprised an initial payment of US$2bil and a further payment of up to US$500mil upon a final investment decision approval for a second LNG train, Petronas said in a statement.
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