Petronas Said to Answer Queries on Revised Progress Offer

Petroliam Nasional Bhd. has responded to queries from the Canadian government after submitting a modified bid for Progress Energy Resources Corp., a person with knowledge of the matter said.

Malaysia’s state energy company made a revised proposal after the government blocked its C$5.2 billion ($5.2 billion) takeover of the Calgary-based natural gas producer last month on grounds that it wasn’t a “net benefit” to the country. Canada wanted clarifications on the new offer said the person, who declined to be named as the information is confidential.