Tag Archives: EOG

Apache considering North American pricing for Kitimat LNG executives tell Miami conference

Apache is considering selling liquified natural gas shipped to Asia from Kitimat at North American prices, a industry-watching news site reports from an energy conference in Miami. Argus Media says that Apache and its partners in KM LNG, EOG and Encana are still finding little interest in the original idea of selling the LNG at  the Asian base price, called Japan Cleared Customs price, which is a percentage of the price of oil.  The idea at that time was that profit would come from the…

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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…

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TransCanada to build Shell’s “Coastal Gaslink” natural gas pipeline to Kitimat

Shell Canada and its Asian partners have chosen TransCanada Corporation to design, build, own and operate the proposed natural gas pipline to Kitimat, now called the Coastal GasLink project. The estimated $4-billion pipeline will transport natural gas from the Montney gas-producing region near Dawson Creek, in northeastern British Columbia to the proposed natural gas export facility at Kitimat, BC. The LNG Canada project is a joint venture led by Shell, with partners Korea Gas Corporation, Mitsubishi Corporation and PetroChina Company Limited. A news release from…

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Apache expects first LNG cargo from Kitimat in 2016

Apache said Tuesday, May 22, 2012, that it expects the first LNG cargo leave the Kitimat terminal for Asia sometime in 2016, with possible further expansion in the future. Patrick Cassidy, director of Apache’s Investor relations division, was making a presentation to the UBS Global Oil and Gas Conference in Houston, Texas, on the company’s future plans. One slide in the Power Point presentation summed up Apache’s Pacific strategy, both at Kitimat and its chief rival, the Wheatstone project in Western Australia. Apache said the…

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Apache posts job for Kitimat LNG construction manager

The Apache Corporation website has a posting for a construction manager for the Kitimat LNG project. The posting says the job will initially based in Houston, Texas, with the manager coming to Kitimat sometime in the future. The posting calls for the manager to provide an overall construction plan, co-ordinate and control the construction project from inception to completion aimed at meeting the Project’s requirements in order to produce a functionally and financially viable safe project that will be completed on time within the authorized…

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Apache waiting for sales deals before final green light for Kitimat LNG

There was no announcement of a green light for the Kitimat LNG project in today’s conference call by Apache Corp. with market anaylsts and journalists. Apache CEO G. Steven Farris told the call that negotiations with overseas (likely Asian) buyers are at an advanced stage. “Frankly we’re somewhat past the polite introductions and that kind of stuff with respect to buyers,” he said. “We’re now in the throes of actual negotiations.” While Apache has yet to commit to building the $5-billion plant at Bish Cove,…

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Apache, Shell mark LNG progress at District of Kitimat council

As the financial and energy markets speculated Monday, Feb. 6, 2012 that Apache Corporation would make an official announcement during its quarterly webcast next week that the Kitimat LNG project will go ahead, a company report to the District of Kitimat Council, released this evening, is a strong indication that the project is a go. Mayor Joanne Monaghan told the council that Apache has reported to the district that work at the site for the LNG terminal at Bish Cove has been “progressing well” through the…

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Egyptian LNG terminal is model for Kitimat project: Encana

Energy The rugged, rocky, windswept shoreline of Douglas Channel and Kitimat harbour are very different from the Nile Delta, a gigantic flat estuary, so much bigger than the Kildala or Giltoyees, warm, on the Mediterranean, a cradle of human civilization. KBR, the main contractor for the Kitimat LNG project front end engineering, is basing its planning  for the Kitimat terminal on a project it built in Egypt, Dave Thorn, Encana Vice President of  Canadian Marketing told an investor conference call on Tuesday, Oct, 4, 2011.…

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China biggest customer for Kitimat LNG: Encana

Energy China is probably the largest long term customer for liquified natural gas that will be shipped through the port of Kitimat, executives from Encana, one of the three partners in the KM LNG project said in an investor conference call Tuesday, Oct. 4, 2011. India could also be big customer for LNG shipped from the Horn River in northeastern BC through Kitimat, Encana said. Although Japan will be increasing its purchases of liquified natural gas in the coming years, the immediate situation with Japan…

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Encana conference call to update Kitimat, Horn River developments

{{unknown}}Energy Encana, one of the three partners in the KM LNG (Kitimat LNG project) will hold a conference call for executives and a simultaneous webcast, Tuesday, Oct. 4 at 9 a.m. MT,  8 a.m. PT to update on its Horn River shale gas development and also Encana’s view of the Kitimat project. Encana’s partners are Apache Corp. and EOG. A news release from Encana says Encana Corporation (TSX, NYSE: ECA) will hold a conference call and webcast for the investment community highlighting its Horn River…

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