Apache will “completely exit” the Kitimat LNG project, company CEO Steven Farris told investors Thursday as the company reported its second quarter results. The pull out from Kitimat is part of a plan by Apache to spin off assets that are not part of its “base business” so it can concentrate on its “North American […]
Aurora LNG, a partnership headed by Nexen, the Canadian branch of CNOOC, one of China's largest energy companies, has applied to the National Energy Board for an export licence to ship 24 million tonnes of liquified natural gas over 25 years to Asian customers from Grassy Point near Prince Rupert. Two Japanese companies, Inpex Corp […]
The Dow Jones wire is reporting that Chevron has postponed a final investment decision on the Kitimat LNG project until 2014, "putting a deadline on a project that has already seen delays." Competitors are trying to sell natural gas to Asian customers using the cheaper Henry Hub North American market benchmark rather than higher Japanese […]
A report issued by Ernst & Young, The Global LNG Report, says that there will be strong demand for liquified natural gas over the next 10 to 20 years. At the same time LNG buyers will increasingly push back from "price-sensitive buyers who are likely to be less willing to pay supply security premiums. That means […]
When the story of the Stephen Harper government is told, historians will say that the week of March 17 to 23, 2013, is remembered, not for the release of a lacklustre federal budget, but for day after day of political blunders that undermined Harper's goal of making a Canada what the Conservatives call a resource […]
The Edmonton Journal is quoting David Black as saying in Fate of proposed Kitimat refinery to be determined within 60 days: British Columbia newspaper magnate David Black says he’ll know in about 60 days whether his controversial idea for a new refinery on the West Coast will move forward or die a quiet death. In […]
Enbridge Northern Gateway has told the Joint Review Panel that expansion of the proposed bitumen and condensate terminal in Kitimat is urgent so the company can access offshore markets for Alberta bitumen sands crude. Northern Gateway filed an update on its plans for the Kitimat in response to a ruling from the JRP, after Smithers-based […]
The Haisla Nation, the federal government and the province of British Columbia have signed an agreement that opens the way for liquified natural gas development on Haisla territory on Douglas Channel. The federal government also announced new regulations under the the First Nations Commercial and Industrial Development Act (FNCIDA). The regulations are necessary because First Nations are […]
Apache has a new partner in the Kitimat LNG project, Chevron Canada Ltd and, in effect, Chevron is taking over the project from Apache who has been unable to find customers for the liquified natural gas project in Asia. A news release from Apache announced "a broad agreement with Chevron Canada Limited to build and […]
PetroChina went on a multi-billion dollar natural gas buying spree Thursday, Dec. 13, 2012, picking up shares in operations in both Canada and Australia. In Canada, Encana, one of the partners in the Kitimat LNG project, signed a joint venture arrangement with Phoenix Duvernay Gas, a wholly owned subsidiary of PetroChina, to explore and develop Encana's extensive […]