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Apache, Partners To Sell Stake In Kitimat LNG

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September 13, 2012

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Apache Corp. will sell a 20% interest in the Kitimat liquefied natural gas (LNG) export project, according to Reuters. 

The company holds a 40% interest in the $15 billion project with Encana Corp. and EOG Resources Inc. each holding a 30% interest. It is not known how much of their interest in the project that Encana and EOG will sell. The facility is designed to transport LNG from Canada to other more profitable markets. of oil and gas to expand out of the North American market.

The partners anticipate making ...

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