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 […]
LNG Canada has called a news conference in Vancouver early Wednesday morning to "announce a project milestone." BC Premier Christy Clark, BC LNG Minister Rich Coleman, LNG Canada executives and delegations from the joint venture partners, Shell Canada Energy, Diamond LNG Canada, an (“affiliate” of Mitsubishi), Korea Gas Corporation and Phoenix Energy (an “affiliate” of […]
Britain's Financial Times today chose two Kitimat related companies to highlight how western business is turning more and more to China. Shell turns to Asian suppliers in US shale race (Registration/subscription required) Royal Dutch Shell has said it will deploy more Chinese equipment at its struggling US shale business – becoming the latest natural resources company […]
The Coastal Gaslink pipeline proposal to bring natural gas to Kitimat for the Shell LNG Canada project is now entering the 45 day public comment environmental assessment period. It opens on March 21, 2014 and closes May 5, 2014. Coastal GasLink Pipeline is a wholly-owned subsidiary of TransCanada Pipelines. The company is proposing to develop […]
LNG Canada, the project led by Shell Canada Energy, has passed the first step in the environmental review process for the liquified natural gas plant and terminal. LNG Canada said Tuesday that the British Columbia Environmental Assessment Office has approved LNG Canada’s Application Information Requirements (AIR) for the proposed project. The company says the AIR […]
Rio Tinto has signed an option agreement with the LNG Canada project "to acquire or lease a wharf and associated land at its port facility" in Kitimat. A news release from Rio Tinto's head office in London says: "The agreement provides LNG Canada with a staged series of options payable against project milestones. The financial […]
LNG Canada says it wants to be “first out of the gate” in the competitive race to send BC's liquified natural gas to Asian markets. The company held a well attended open house at the Kitimat Rod and Gun on November 27, with the usual array of posters and experts, to mark the beginning of […]
Reuters is reporting that the Korean Gas Corp is selling part of its stake in the Shell-led LNG Canada project in Kitimat. Reuters says KOGAS CEO Jang Seok-hyo told the World Energy Congress that the company is considering selling 5 to 10 per cent of its stake in the LNG Canada project. It currently holds 20 per […]
The Shell LNG Canada project officially opened its Information Centre at the old Methanex site offices in Kitimat on Tuesday, June 25, 2013. About 180 people attended the event, which included a barbeque, kids activities with face painting, a tour of the office/information centre and a chance to community to meet the LNG Canada project […]
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 […]