British Columbia, Petronas reach set of deals on LNG project in Canada

Wed May 20, 2015 1:21pm EDT
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VANCOUVER (Reuters) - Petronas [PETR.UL] has reached a set of deals with British Columbia related to its proposed liquefied natural gas export terminal in Canada, edging the energy company closer to a final investment decision, the province said on Wednesday.

The project development and royalty agreements, signed in Vancouver, make clear the long-term costs and obligations the Malaysian company will face should it move ahead with its proposed $35 billion investment in Canadian natural gas.

(Reporting by Julie Gordon; Editing by Bernard Orr)