Posted on Jul 31, 2014 in
LNG Exports,
Markets and Competition |
Comments Off on Apache Corporation to Sell Its Kitimat LNG Stake
Bloomberg reports that Apache Corporation, 50% sponsor of the proposed Kitimat LNG project at Bish Cove, near Kitimat, British Columbia, intends to sell its interest in the company. Chevron Canada Ltd. owns the other 50% share. Apache’s press release on the planned sale can be found here. The report states that hedge fund Jana Partners LLC acquired a $1 billion stake in Apache and...