Apache delays Kitimat decision again, Wall Street Journal reports

The Wall Street Journal (subscription required) is reporting that Apache has once again delayed its decision whether or not to go ahead with the Kitimat LNG project.

So far there is no news release on the Apache site and no other media has matched the Wall Street Journal story.

Analysts are blaming the decision on the recent move by some players in the energy industry to sell natural gas to Asia at low  North American prices, rather than the world price, which is determined as a percentage of the price of oil.   A move by Asian countries to buy LNG at the lower North American market price would undercut the profitability of any LNG export project through Kitimat.