Chevron contemplating Kitimat LNG stake sale

Chevron contemplating Kitimat LNG stake sale

US energy giant and LNG player, Chevron is reportedly looking to shed its stake in the Kitimat LNG project at Bish Cove near Kitimat, in Canada’s British Colombia.

Sources told Reuters that Chevron is lining up potential buyers among which is the Malaysian energy giant Petronas, however, there is no certainty that the sale will go through.

Chevron is also considering selling the stake to financial investors such as the Canadian pension fund.

Tourmaline Oil Corporation and Seven Generations Energy are looking to secure deals to supply natural gas to the facility, with the latter also interested in acquiring a stake in the project, sources told Reuters.

While the Canadian pension fund would strictly be a cash investment, a deal with the natural gas supplier could be covered through a 20 to 25-year commitment to supply natural gas to the project.

The project, which is a 50/50 joint venture between the Canadian units of Chevron and Woodside Petroleum, already secured a permit to export 10 million tons of LNG per year for a period of 20 years.

Share this article

Follow LNG World News

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

4th Annual Upstream West Africa Summit 2018

In June 2018, Senegal will play host to the No.1 Annual B2B Upstream Oil & Gas event, which will bring together the senior decision makers from across the prolific West Africa region to discuss the trends and challenges currently facing the Oil and Gas industry.

Since the discovery by Tullow Oil in 2007 of the Jubilee Field in Ghana, the Upstream sector has refocused its efforts to explore similar plays around the entire West and North West African coast. These efforts were rewarded with Cairn Energy’s prolific discovery in 2014 followed by Kosmos’ in 2015. The West Africa region has the industry’s spotlight firmly focused on further unlocking the potential of this largely underexplored region.

Companies that will be looking toward further unlocking the deepwater hydrocarbon potential of West Africa include: PETROSEN, BP, Kosmos Energy, Cairn Energy, FAR, Total E&P, Premier Oil, Shell, Tullow Oil along with the Ministries and key solution providers.

 More info

read more >

The 27th World Gas Conference (WGC 2018)

The 27th World Gas Conference (WGC 2018) will be the largest, most timely and most significant global gas conference and exhibition ever held.

read more >

Oil and Gas 2018

The conference will cover a wide range of topics and allow participants to discuss about the new technologies developed in Petroleum…

read more >