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...

This article is only available to subscribers to Petroleum Economist. If you already subscribe to Petroleum Economist, please log in now.

If you subscribe to PE Unconventional and wish to read this article, you will need to upgrade your subscription to include Petroleum Economist. Please contact Alastair Noakes on +44 (0) 207 779 8007 for full details.

Alternatively take a free trial, giving you 7 days access to Petroleum Economist (some articles and surveys may be excluded).

Subscribe now

Please click subscribe to read the rest of the article.

Click here to subscribe

Take a Free Trial

Please take a free 7 day trial to gain limited access.

Click here for a free trial

If the price is right...
Despite its potential, major companies have largely shied away from India’s upstream sector. But they could be tempted if the government implements pricing reform. Damon Evans reports
BG streamlines operations as part of growth plan
The case for caution on US shale oil
Analysts argue that while US unconventional crude output is surging, the industry needs to take a closer look at the sector's sustainability

Mena faces up to carbon challenge
Promoting economic development and meeting climate-change commitments is a tricky balancing act, particularly for the Middle East and North Africa's hydrocarbon-fuelled states. Justin Dargin looks at the challenges - and the possible solutions
New US production 'reshaping oil markets'
The rise of US tight oil is revolutionising global markets in a way that will produce new winners and losers over the next five years, writes Justin Jacobs
ONGC's Indian summer
The Indian state-run player is looking overseas to diversify its production base, while acting to tackle problems at home. NJ Watson weighs up whether the company is doing enough

RESOURCES

Latest issue: May 2013

Toeing the party line

When a stagnant economy and a moribund energy sector, Venezuela needs pragmatism rather than politics. But Maduro's elevation to the presidency leaves little room for hope

View online now

Chevron and Apache team up at Kitimat

Subscribe now

Take a Free Trial

Related Articles

RESOURCES

Toeing the party line