Showing posts with label Kitimat LNG terminal. Show all posts
Showing posts with label Kitimat LNG terminal. Show all posts

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."

Thursday, April 16, 2009

$1.2 billion Pacific Trails pipeline to carry Canadian gas to markets in Asia

VANCOUVER, B.C. - The government of British Columbia has announced that it will work closely with Canada’s first nations to secure a direct interest in the Pacific Trail Pipelines Limited Partnership.
PTP is developing a 463-km. natural gas pipeline from Summit Lake to Kitimat costing an estimated $1.2 billion.
When completed, the pipeline will take shale gas from Horn River for export on liquefied natural gas (LNG) tankers to markets in Japan, China, South Korea and elsewhere.
Both the terminal and the pipeline have received the required provincial and federal environmental assessment approvals and are now working to finalize commercial arrangements.