Petronas to spend $5 bln on Canadian LNG project -exec

KUALA LUMPUR, June 11:� Malaysian state oil and gas firm Petronas expects to spend $5 billion on a project in west Canada to export liquefied natural gas (LNG), a senior company official said on Tuesday.The project, known as Pacific West LNG, will build two LNG trains of 6 million tonnes per year (tpy) each by the end of 2018 or 2019, Arif Mahmood, vice president of corporate planning at Petronas told an industry conference.Petronas also plans to make a final investment decision on its second floating LNG project in Malaysia later this year, he said. The FLNG project will be at the Rotan Field in Block H and could start production in 2016, he said. (agencies)