After its recent acquisition of Progress Energy, Malaysian oil and gas company Petronas is making another major move in Canada, with plans to build a liquefied natural gas facility in British Columbia, as well as a major pipeline investment with TransCanada (NYSE: TRP) to transport the gas to the proposed Pacific NorthWest LNG facility . In the video below, Fool energy analysts Joel South and Taylor Muckerman discuss what these deals could mean for the regional price of natural gas and possible benefits for natural gas producers.
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Fool contributors Joel South and Taylor Muckerman have no positions in any stocks mentioned at this time. The Motley Fool has no position in any stocks mentioned at this time.