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Chevron’s Recent Move Could Boost Canadian Presence into LNG Market
Dec. 27, 2012 04:32PM PST
Oil and Gas InvestingThe Financial Post reported that Chrevon’s recent announcement of their takeover of assets from EOG Resources Canada Inc. and Encana Corp. in a project led by Apache Corp, could give the Canadian LNG market a boost to compete with major player Australia.
The Financial Post reported that Chrevon’s recent announcement of their takeover of assets from EOG Resources Canada Inc. and Encana Corp. in a project led by Apache Corp, could give the Canadian LNG market a boost to compete with major player Australia.
As quoted in the market report:
If all projects proceed, the country could emerge as the second-largest LNG producer in the world after Australia, according to a Conference Board of Canada study. The report forecasts Canada’s natural gas industry will attract nearly $486-billion in investments by 2035 and compete with the oil sands for foreign direct investment, echoing B.C. premier Christy Clark claim that the province’s natural gas will rival Alberta’s bitumen in the future in terms of investments and revenues.