Petronas mulls US$1bil loan for LNG project


The facility could carry a tenor around 15 years.

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) is in talks with banks for a potential loan to fund a liquefied national gas (LNG) project, according to sources.

The state-owned company is seeking project financing of over US$1bil, said the sources. The facility could carry a tenor around 15 years.

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