Malaysia's Petronas eyes new site in $27b Canada LNG plan

Malaysia's Petronas eyes new site in $27b Canada LNG plan

A man walks past the Shahamah liquefied natural gas (LNG) tanker sitting berthed at Tokyo Electric Power Co.'s (Tepco) Futtsu gas-fired thermal power plant in Futtsu Chiba Prefecture, Japan, on Thursday, Jan. 21, 2016. The Ministry of Finance is scheduled to release Japan's fuel trading data on Jan. 25. Photographer: Tomohiro Ohsumi/Bloomberg

Malaysia’s Petroliam Nasional Bhd. is seeking to move ahead with a proposed $27 billion liquefied natural gas project in western Canada after identifying a new site for shipping the fuel, a shift that may help reduce costs and quell local opposition.

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