Related Articles
Forward article link
Share PDF with colleagues

Chevron and Apache team up at Kitimat LNG project

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 50:50 upstream joint venture, operated by Apache, to develop 655,000 acres of undeveloped lands in the shale-gas rich Horn River and Liard basins. Any discoveries made on the acreage will be developed as feedstock for Kitimat LNG. Neither EOG nor Encana di

Also in this section
The Zohr effect
15 March 2018
Hopes are high of fresh finds in the area
Full speed ahead for Egypt's gas
15 March 2018
Eni's parallel-development method has enabled it to smash records at its mega-giant Zohr gas project. Petroleum Economist was given exclusive access to the onshore operations
Hurdles face putative Asia-Pacific LNG hubs
14 March 2018
Singapore, Shanghai and Japan all wish to become trading hubs and price-reporting agencies are trying to establish benchmarks