Chevron is sticking with the Kitimat LNG project but won't make a Final Investment Decision until it has signed sales and purchase agreements for between 60 and 70 per cent of the natural gas, Chevron’s vice-chairman and executive vice-president of upstream operations, George Kirkland told investment analysts in a conference call Friday. Kirkland said that […]
Energy A large Japanese consortium lead by Inpex Corporation has agreed to buy a 40 per cent stake in shale gas assets owned by Calgary-based Nexen, an energy exploration company. A Nexen news release calls the deal "a strategic partnership." The deal is worth $700 million and covers the development of shale gas deposits in […]
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 […]