Wednesday, August 12, 2009

Apache Corp. to supply Kitimat terminal with liquefied natural gas

CALGARY, Alta. - Kitimat LNG Inc. announced on Aug. 10 that it has signed a memorandum of understanding (MOU) with Apache Corp. to supply natural gas to Kitimat LNG's proposed liquefied natural gas (LNG) export terminal on the coast of British Columbia.
The MOU sets a framework for Kitimat and Apache to negotiate a definitive agreement to supply 200 million to 300 million cubic feet (MMcf) of natural gas feedstock per day to the terminal, which has a planned capacity of 700 MMcf per day. Apache also obtained an option to purchase an equity stake in the Kitimat LNG terminal.
"We are very pleased to welcome an industry leader such as Apache to our growing team of exceptional project partners," said Rosemary Boulton, president of Kitimat LNG. "The participation of companies such as Korea Gas Corp. (KOGAS), GAS NATURAL, EOG Resources Canada and Apache gives our project strong momentum and reinforces the fundamental strength of our business strategy."

No comments:

Post a Comment