Three of the world’s biggest asset management funds are making multibillion dollar bids for a stake in LNG Canada, Reuters is reporting. The companies are Apollo Global Management, Blackstone and KKR, Reuters said, quoting anonymous sources. Shell and the three companies would not comment to Reuters on the report. If the deal goes through it […]
The energy media, including Reuters and Upstream Online are reporting that both Shell and Mitsubishi are looking to possibly sell off significant portions of their stake in LNG Canada. Petronas, another of the partners in LNG Canada, has already sold off 20 per cent of its stake in the project to a liquified natural gas […]
At the ceremonial puck drop at the charity hockey game between the Vancouver Canucks Alumni and the Kitimat Winterhawks Coaches, Saturday, April 28, 2018, Susannah Pierce Director External Relations for LNG Canada announced the company will donate a school bus equipped with three point seat belts for Mt. Elizabeth Secondary School's sports teams. At the […]
UPDATED with District of Kitimat news release The District of Kitimat is very pleased with the decision that the BC government issued today removing some of the barriers associated with the establishment of an LNG industry in BC. This will promote access for natural gas from BC to be exported as LNG to international markets. […]
Analysis Monday's decision by LNG Canada to postpone the all-important Final Investment Decision for the Kitimat liguified natural gas project came as a momentary shock—but no real surprise. After the Brexit vote, you could see the hold button blinking from across the Atlantic. Andy Calitz CEO of LNG Canada and a long time, experienced, executive […]
LNG Canada has postponed the Final Investment Decision on the Kitimat project citing the "impact of global industry challenges." The latest estimates said that the project would cost $40 billion. The news release says that despite strong community support and regulatory approval, what LNG Canada called "the context of global industry challenges, including capital constraints" […]
The Shell-led LNG Canada project in Kitimat has received a facility permit from the B.C. Oil and Gas Commission (OGC), the company said Tuesday. A news release from LNG Canada says the permit is one of the key permits required for the construction and operation of the proposed LNG Canada project. LNG Canada is the […]
The Shell-led LNG Canada project unveiled its commitments to Kitimat at a ceremony at the community information centre at the old Methanex site on October 7, 2014. LNG Canada has forged the commitments in a sheet of aluminum that is bolted to the wall of the community information centre. Kitimat Mayor Joanne Monaghan unveiled the […]
The cost of the Kitimat Modernization Project has jumped to $4.8 billion US, Sam Walsh CEO of Rio Tinto, the parent company of Rio Tinto Alcan said Thursday as the company released its results for the first six months of 2014. In its report. Rio Tinto said. In February 2014, the Group announced that a […]
A New York hedge fund, also known as an aggressive activist investor, which just bought a huge stake in Apache, is urging the company to get out of the Kitimat LNG project. Numerous media reports say that Jana Partners recently bought a one billion dollar stake in the Houston and Calgary based oil and natural […]