Centrica, Qatar to buy over $900 of gas assets in Canada

Britain's Centrica Plc and Qatar Petroleum International said they will buy Suncor Energy Inc's conventional natural-gas business in Western Canada for $986.73 million - their first acquisition since they decided in 2011 to hunt jointly for international energy assets.
Centrica, Britain's biggest energy supplier and its partner, the international arm of the world's largest liquefied-natural gas exporter, will take control of Suncor gas assets in Alberta, British Columbia and Saskatchewan that produce 250 million cubic feet per day from reserves pegged at 978 billion cubic feet. When combined with its other Canadian gas properties, the acquisition will give Centrica 60 percent of the gas needed for its Direct Energy unit, which delivers energy to six million customers in Canada and the United States, while Qatar gets its first exposure to the Canadian natural gas industry.

Qatar to invest $5 bln into Malaysia petrochemical complex

Qatar's sovereign wealth fund plans to spend half of the $10 billion it expects to invest in Malaysia on a petrochemicals complex aimed at transforming the Southeast Asian nation into a global hub for the oil and gas trade.

The Pengerang Integrated Petroleum Complex in the southern state of Johor is expected to help Malaysia compete with neighbouring Singapore to become the region's top petrochemical hub.

Pengerang is expected to accumulate 170 billion ringgit ($55.84 billion) in investments by the time it begins operations in 2016. The complex includes the 60-billion-ringgit Petronas Refinery and Petrochemicals (RAPID) project by state-owned oil firm Petroliam Nasional Bhd.

Qatar Holding will spend 2 billion ringgit ($656.92 million)to build a luxury Harrods-brand hotel in the city center. The hotel is jointly developed by Jerantas Sdn Bhd, linked to Malaysia's sixth-richest man Syed Mokhtar Al-Bukhary.

Qatar Holding spent 100 million ringgit last year to establish itself as a cornerstone investor in agricultural commodities firm Felda Global Ventures Holdings Bhd. ($1 = 3.0445 Malaysian ringgit)