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Monday, Sep 23
Apache names Kitimat CEO in sign project may go forward
- Apache (APA -0.6%) names Rod Eichler as CEO of its proposed Kitimat liquefied natural gas export facility in Canada, a strong sign the project may be moving forward.
- Eichler has been with APA for 20 years, including the past two years as COO; analysts say it’s an encouraging sign that APA is naming such a high-ranking executive in charge of the Kitimat development.
- Eichler's appointment is one of a series of executive changes taking effect Jan. 1.
- The Kitimat project, 50% owned by Chevron (CVX +0.2%), would allow for exports of Canadian gas to Asia and other overseas markets.