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

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 (NYSEMKT: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.