Who has stakes in Kitimat LNG plant?
The project has experienced extensive ownership turnover. Chevron originally bought its 50% stake from Calgary-based Encana Corp. and Houston-based EOG Resources in December 2012. In 2020, Apache sold its 50% stake to Australia’s Woodside Petroleum, which remains Chevron’s partner in the project.
Who owns Canada LNG?
About LNG Canada LNG Canada is a joint venture comprised of Royal Dutch Shell plc, through its affiliate Shell Canada Energy (40%); PETRONAS, through its wholly-owned entity, North Montney LNG Limited Partnership (25%); PetroChina Company Limited, through its subsidiary PetroChina Canada Ltd.
Is Kitimat LNG project Cancelled?
Australia’s Woodside Petroleum said today that it has decided to exit its 50% non-operated interest in the proposed Kitimat liquefied natural gas (LNG) export project in Canada. Chevron announced its plan to divest its 50% share of Kitimat LNG in December 2019.
What is being built in Kitimat?
Pacific Future Energy proposes to build and operate the world’s greenest bitumen refinery near Kitimat in the Kitimat Valley. The project would receive near-solid neatbit bitumen by rail from western Canada and refine it into diesel, gasoline, and other products for export to world markets.
Is Kitimat by the ocean?
Kitimat is blessed with the best deep-water port on the B.C. North Coast, with an arm that reaches 88 miles inland from the Pacific Ocean and Kitimat Port at the end of it.
Where is LNG coming from?
The power plants take natural gas from natural gas pipelines, liquefy it in small-scale liquefaction facilities, and store it in cryogenic tanks. The LNG is regasified and burned by the power plants when needed. Some ships, trucks, and buses have specially designed LNG tanks to use LNG as fuel.
Where is the LNG terminal in Kitimat Canada?
The LNG Canada terminal project will see large LNG carrier ships loading liquefied natural gas at the future Kitimat LNG terminal, and sailing along the Douglas Channel to carry it to export destinations, mainly in Asia. Kitimat is located 63 km (39 mi) south of Terrace on Highway 37.
When did Chevron divest from Kitimat LNG project?
In December 2019, Chevron Canada Limited (Chevron) announced its plan to divest its 50 percent interest in the proposed Kitimat LNG Project in British Columbia. This decision was a part of Chevron’s global portfolio optimization effort focused on improving returns and driving value.
What are the benefits of the Kitimat LNG project?
British Columbia stands to be the biggest beneficiary of the Kitimat LNG Project for decades to come. Benefits such as employment, skills training, contracting and revenues to First Nations, local, B.C., and Canadian businesses are already taking place. Examples of First Nations and government support for the Kitimat LNG Project include:
Where does the LNG come from in Canada?
LNG Canada is a large industrial energy project to build and operate an LNG liquefaction, storage and loading terminal in the port of Kitimat, BC, in order to export liquefied natural gas ( LNG) produced by the project’s partners in the Montney Formation gas fields of British Columbia, near Dawson Creek, B.C.