SYDNEY: Petroliam Nasional Bhd (PETRONAS) is aiming to raise up to US$3bil in a three-tranche dollar bond transaction, according to two sources with direct knowledge of the matter.
Meanwhile, on Tuesday, Reuters reported that PETRONAS’ joint venture company, LNG Canada, would start cooling down its plant in Kitimat, British Columbia.
The move is considered a final step before the plant begins production of the superchilled gas.
“The delivery is expected in early April and is critical to our safe start-up and commissioning process now underway, and to achieving our first cargo by the middle of 2025,” LNG Canada told Reuters.
The company is Canada’s first LNG export facility and when complete is expected to export 14 million tonnes per annum of the superchilled gas. — Reuters
