LNG

Progress Energy is now Petronas Canada

Progress Energy has been renamed Petronas Canada five years after its acquisition by the Malaysian state oil and gas company
By Staff reporter 26 November 2018 0 33440

Progress Energy has been renamed Petronas Canada five years after its acquisition by the Malaysian state oil and gas company, according to JW Energy.

The company has grown from a junior exploration player in 2001 to now being the largest gas resource owner in Canada. Petronas Canada holds a 25% stake in the $40 billion LNG Canada project being developed in British Columbia.