Malaysian state-owned oil giant Petronas is studying a Canadian natural gas acquisition...

|By:, SA News Editor

Malaysian state-owned oil giant Petronas is studying a Canadian natural gas acquisition exceeding $5B, says its CEO, part of a plan to spend $98B over 5 years replenishing diminishing reserves. Asian buyers are particularly lured by North American natural gas prices, 80% or more lower than local costs in some spots.