Progress Energy Resources Corp, whose $5.2 billion takeover by Malaysia's Petronas is being reviewed by the Canadian government, said its LNG export facility on the country's Pacific coast is moving into the design phase. The joint venture, Pacific Northwest LNG, in which Petronas is a partner, has the capacity to export about 3.8 million tonnes of natural gas a year per train, Progress said.
Progress Energy Resources Corporation is a Canada-based company, which produces natural gas. Shares of PRQ fell by 0.29% or $-0.06/share to $20.32. In the past year, the shares have traded as low as $9.44 and as high as $22.94. On average, 2284690 shares of PRQ.TO exchange hands on a given day and today's volume is recorded at 88651.
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