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The once head-spinning pioneering days of LNG development in British Columbia, when former Premier Christy Clark touted as many as 20 projects and predicted three large scale ventures would be onstream by 2020, have turned into a head numbing experience. Virtually all of the proposed schemes carryin. ....
VANCOUVER — A British Columbia First Nations coalition says it s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas . . . ....
A model shows the proposed liquefied natural gas liquification plant and marine terminal in Kitimat, B.C., June 26, 2014. Photo by: The Canadian Press/Robin Rowland VANCOUVER A British Columbia First Nations coalition says it s disappointed by the news that a second major investor is looking to sell its shares in the Kitimat Liquefied Natural Gas development. Woodside Petroleum Ltd., an Australian company, says it plans sell its 50 per cent stake in the 480-kilometre Pacific Trail Pipeline and the proposed LNG facility at Bish Cove. The First Nations Limited Partnership, which represents 16 First Nations in northern B.C., says the decision to sell is both disappointing and poses a threat to its members commercial interests. ....
First Nations group criticizes Woodside Petroleum's move to sell Kitimat LNG stake msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Woodside has decided to exit from LNG Kitimat. The exit will include the divestment or wind-up and restoration of assets, lease and agreements covering the Pacific Trail Pipeline route. Woodside will retain a position in the Liard Basin upstream gas resource. Woodside will work with Kitimat Joint Venture participant and operator Chevron Canada to protect value during the exist. Chevron announced its own plan to divest its 50 per cent interest in the LNG project in December of 2019. The impact of the exit for Woodside is expected to affect net profit after tax by approximately US$40 to 60 million. ....