Cnooc wins exclusive rights to lands for LNG export project in B.C.

The Nexen Canadian subsidiary of China's Cnooc (CEO) is awarded exclusive rights to proceed with a proposed terminal to export liquefied natural gas from Canada's Pacific coast.

Cnooc is teaming up with Japanese oil explorer Inpex and construction engineering firm JGC to build the Aurora LNG export terminal at Grassy Point in British Columbia.

In winning the exclusive rights, Cnooc edges out other possible suitors for the remote site, including Exxon Mobil (XOM) and Australia's Woodside Petroleum (WOPEF, WOPEY); major energy companies such as Chevron (CVX) and Royal Dutch Shell (RDS.A, RDS.B) also are eyeing gas export projects along the B.C. coast.

From other sites
Comments (7)
  • DonSimon
    , contributor
    Comments (156) | Send Message
    Payback for our dumb refusal to allow that pipeline to be built? Pay attention Washington!
    13 Nov 2013, 08:51 AM Reply Like
  • wotcher
    , contributor
    Comments (40) | Send Message
    Maybe payback for mineral rights laws that grant control of valuable and strategic resources to the uninformed, the greedy, or the highest bidders.
    13 Nov 2013, 09:28 AM Reply Like
  • Dogpound
    , contributor
    Comments (160) | Send Message
    Harper warned Obama last year. Keystone is a moot point now. If the USA ever wants our Heavy Oil they will have to buy it from the Chinese. Obama thinks he is pandering for votes with the greenies, when in fact he is alienating his closest ally and compromising Canada's national security interests.


    The Chinese are everywhere here in Calgary, their fingers in many sectors of the industry, 10 years ago we were scared of them now they are our friends. Now I'm scared of the crazies in the USA I watched on CNN thinking we are going to power the world on renewables and reduce fossil fuels and nuclear. Wow just wow - can anyone get the microphone in the USA?
    13 Nov 2013, 09:31 AM Reply Like
  • Heilbroner
    , contributor
    Comments (70) | Send Message
    First the USA gives up it's manufacturing to the Chinese in the name of "free trade", then it gives up a vital long term energy source. Always in the moment, never a long term strategy. Once the Fed finishes killing the dollar, the panic and finger-pointing will begin.
    13 Nov 2013, 09:56 AM Reply Like
  • jack20
    , contributor
    Comments (538) | Send Message
    To our Canadian friends: Congratulations on the LNG projects! As an American I am ashamed of KeystoneXL It is an "Obamanation!" We can't even run our own govt. yet we can tell Canada what you should do re energy. It is none of our dam business. Please please Mr. Harper get a East or West pipe approved ASAP. Once the first one is approved KeystoneXL will quickly follow as the "brittle brains" in Washington wake up!!!
    13 Nov 2013, 10:42 AM Reply Like
  • User 195396
    , contributor
    Comments (447) | Send Message
    Congress approval rating=new low 9%, Obama heading down but still above 9%-question, where did they find those 9%?


    Yet, the band plays on, sheeple will vote incumbents in next year ~80% return rate, when in the hell will the sheeple wake up, reverse the re-district nightmare that allows louie gohmart to em...barass everyone, take the huge money out of elections-I know, it will never happen but one can dream when one is ranting.
    13 Nov 2013, 12:49 PM Reply Like
  • Hendershott
    , contributor
    Comments (1891) | Send Message
    Exactly what does a British Colombian LNG export project have to do with the XL pipeline or any other US policies? We have 4 non free trade export project approvals and a dozen or so free trade country approved projects. The Canadian have no approved LNG export projects.
    29 Nov 2013, 05:56 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs