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BALI, Indonesia – Malaysia’s state-owned energy giant, Petronas, is to make a “gargantuan” investment of $36 billion Cdn in Canada to build a liquefied natural gas plant, and a pipeline from the plant that would be built by a Canadian company, Malaysian Prime Minister Najib Razak said Sunday.

This investment will be in addition to the nearly $6 billion that Petronas paid last year to purchase Calgary-based Progress Energy Inc.

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“I am told this is the largest direct investment in Canada by any country,” Najib said at a brief news conference in the spectacularly opulent prime minister’s office in a purpose-built government town near Kuala Lumpur, before he and Harper left separately to attend the annual APEC summit of Pacific Rim leaders.

“This is a very significant landmark decision by Petronas,” Najib said. “It is done in the wake of the friendly relations we have and the positive response we received from the Canadian government in respect to Petronas’ involvement in Canada … We have a very high level of confidence that this investment will be supported by the Canadian government today and in the future.