Petronas acquired properties in Farrell Creek and Cypress areas of B.C in 2012, and are now being sold to Progress Energy Canada Ltd.
Moore said: “In making my determination, I carefully considered the plans, undertakings and other information submitted by Progress Energy Canada Ltd. in light of the net benefit factors..”
Talisman energy Inc. signed a deal in November in which Progress will acquire more than 51 000 net hectares of land in areas of Montney that Talisman owns through a 50-50 partnership with Sasol.
The deal also includes interests in wells, processing plants and pipelines.
Petronas has said it intends to invest up to $11 billion in a LNG export terminal near Prince Rupert, B.C.