What Chevron's 50% Stake in Kitimat LNG Project Says About Natural Gas
MINYANVILLE ORIGINAL Encana Corporation (NYSE:ECA) and EOG Resources Inc. (NYSE:EOG) received quite the Christmas present this year. On the eve of the holiday Chevron (NYSE:CVX) announced its decision to purchase a 50% stake in the Kitimat LNG export terminal and Pacific Trail pipeline both based in British Columbia from Encana and EOG although specific figures regarding gains on the sale were not released. After beginning operations the Kitimat facility is expected to export approximately 0.7 Bcf/d (billion cubic feet per day). The Pacific Trail pipeline will have flow capacity of about 1 Bcf/d. For the sake of reference according ...
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