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Apache (APA -2%) is delaying its proposed $3B Kitimat project, as rivals have undercut APA's...

  • Friday, October 19, 2012, 2:48 PM ET
    Apache (APA -2%) is delaying its proposed $3B Kitimat project, as rivals have undercut APA's ability to sign customers to long-term supply contracts and left Kitimat without enough clients to begin construction. Cheniere Energy (LNG) has offered liquefied natural gas at prices based on the cheaper Henry Hub benchmark, spurring potential APA buyers to drive a harder bargain, analysts say.
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This news story has 6 comments:

  •  
    Watch Exxon step in and take Apache's place in Kitimat LNG.

    Apache is on the big boys turf in the LNG game and can't get the Asians to do a deal.

    The old 'Cheniere undercut the market' excuse doesnt seem to matter to Shell too much!
    19 Oct 2012, 02:56 PM Reply Like
  •  
    Here comes the lawers----Apache has 42 on payroll!
    19 Oct 2012, 03:49 PM Reply Like
  •  
    doesn't the DOE hold all the purse strings on LNG shipments on non trade agreement countries?. I believe they will withhold permits until after the elections.
    19 Oct 2012, 05:38 PM Reply Like
  •  
    How much does APA have invested in Kitmat? the latest 10Q says nothing that I can see,so it mustn't be material. Or is it?
    22 Oct 2012, 08:27 AM Reply Like
  •  
    Asian LNG demand growth may well disappoint.
    23 Oct 2012, 02:50 AM Reply Like
  •  
    took some eog profits today at 112.91
    26 Oct 2012, 09:40 AM Reply Like
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