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Encana buys into Kitimat LNG project
CALGARY ` Canada`s proposed first liquefied natural gas export terminal at Kitimat, B.C., has a Canadian partner again ` Calgary-based Encana Corp., the biggest gas producer in the country.
The company announced Friday it will buy a 30 per cent stake in the $4.2-billion plant and pipeline project from American partners Apache Canada Ltd. and EOG Resources Canada Inc. to enable it to market the trillions of cubic feet of natural gas it expects to produce in northeastern B.C. to the lucrative Asian LNG market.
`Encana is a natural partner with Apache and EOG for the Kitimat project,` said Janine McArdle, president of Kitimat LNG and a senior Apache vice-president, in a news release.
Read the full article here.
CALGARY ` Canada`s proposed first liquefied natural gas export terminal at Kitimat, B.C., has a Canadian partner again ` Calgary-based Encana Corp., the biggest gas producer in the country.
The company announced Friday it will buy a 30 per cent stake in the $4.2-billion plant and pipeline project from American partners Apache Canada Ltd. and EOG Resources Canada Inc. to enable it to market the trillions of cubic feet of natural gas it expects to produce in northeastern B.C. to the lucrative Asian LNG market.
`Encana is a natural partner with Apache and EOG for the Kitimat project,` said Janine McArdle, president of Kitimat LNG and a senior Apache vice-president, in a news release.
Read the full article here.