Petronas Renews Pledge to Export Canadian Gas as Analysts Doubt
- Malaysian energy company says proceeding depends on approvals
- Executive vice president dismisses energy market volatility
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Petroliam Nasional Bhd. says it will proceed with its C$36 billion ($28 billion) Canadian natural gas export project in the face of a market slump that’s shaking profitability expectations for the global industry.
The Malaysian energy company known as Petronas renewed its pledge Thursday to move ahead with the liquefied natural gas shipping terminal it’s developing on the nation’s Pacific Coast, pending approval from Canadian regulators.