Chevron plans to seek new partner for Kitimat LNG as Apache quits

Chevron (CVX -1.1%) says it is “unconcerned” about Apache’s (APA -2.3%) announcement yesterday that it will divest its stake in the proposed Kitimat liquefied natural gas project in British Columbia, and will seek out a new partner.

CVX already has started drilling appraisal wells in the gas fields that will supply the proposed Kitimat complex, and it is still studying how much the project will cost and how long it will take to construct, CVX Vice Chairman George Kirkland said during today's earnings conference call.

Earlier: Chevron Q2 earnings beat estimates on higher oil, gas prices.

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Comments (1)
  • 27975573
    , contributor
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    With the "unconcerned" nature of Chevron's response to a partner not following states their true faith and belief in the Kitimat area projects.


    Kitimat seems to be the 'de facto' choice of the the extraction point for energy resources coming out of Alberta and B.C.


    Infrastructure ground work is ongoing and accelerating....I have discovered a small
    infrastructure play in the heart of this play.


    Highbank (OTC:HBKRF) the truest form of pick & shovel play on the future of
    energy export from western Canada.


    Long HBKRF.
    4 Aug 2014, 11:45 AM Reply Like
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