Advertisement
Singapore markets close in 2 hours 19 minutes

  • Straits Times Index

    3,142.36
    -41.25 (-1.30%)
     

  • Nikkei

    38,471.20
    -761.60 (-1.94%)
     

  • Hang Seng

    16,257.53
    -342.93 (-2.07%)
     

  • FTSE 100

    7,965.53
    -30.05 (-0.38%)
     

  • Bitcoin USD

    62,978.64
    -3,360.90 (-5.07%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • S&P 500

    5,061.82
    -61.59 (-1.20%)
     

  • Dow

    37,735.11
    -248.13 (-0.65%)
     

  • Nasdaq

    15,885.02
    -290.08 (-1.79%)
     

  • Gold

    2,397.20
    +14.20 (+0.60%)
     

  • Crude Oil

    85.76
    +0.35 (+0.41%)
     

  • 10-Yr Bond

    4.6280
    0.0000 (0.00%)
     

  • FTSE Bursa Malaysia

    1,536.82
    -5.71 (-0.37%)
     

  • Jakarta Composite Index

    7,141.92
    -144.96 (-1.99%)
     

  • PSE Index

    6,420.66
    -141.77 (-2.16%)
     

JX Nippon to buy 10 pct stake in Petronas LNG unit

Reuters

KUALA LUMPUR, June 3 (Reuters) - Malaysia's Petronas said Japanese oil company JX Nippon Oil & Energy will buy a 10 percent equity stake in a subsidiary of its liquefied natural gas (LNG) business in Sarawak state.

The unit is developing and will run the ninth liquefaction train at the Petronas LNG complex in Bintulu, Sarawak. The train, with a production capacity of 3.6 million tonnes of LNG per year, is expected to begin commercial operations in the first quarter of 2017, the companies said on Friday.

JX Nippon Oil & Energy is a unit of Japan's biggest oil refiner JX Holdings.

The value of the deal was not disclosed. (Reporting by Kuala Lumpur newsroom; Editing by Tom Hogue)