Chevron and Apache team up at Kitimat

09 January 2013

Shaun Polczer, CALGARY: Chevron has shaken up the race to export liquefied natural gas (LNG) from Canada's west coast by teaming up with Apache to develop the Kitimat LNG project.

In a series of transactions announced on 24 December 2012, Chevron bought out Houston-based EOG Resources and Calgary's Encana Corporation's 30% interests in the proposed 5 million tonne per year (t/y) Kitimat LNG export terminal. Apache, which had a 40% interest in the project, then bought a 10% stake from Chevron, making the pair equal partners in the development. Chevron will operate Kitimat :LNG.

The companies have also established a...



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