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Home Energy News Encana announces stake in Kitimat export terminal

Encana announces stake in Kitimat export terminal

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Encana Corporation is acquiring a 30 per cent stake in the proposed liquefied natural gas export terminal near Kitimat, B.C.

The acquisition could potentially help Encana access Asia-Pacific markets overseas.

Encana officials say the company is attempting to push for the export of natural gas products to other continents.

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The proposed Kitimat LNG export facility would have an estimated five million metric tons of liquefied natural gas capacity each year.

The project is primarily owned by Apache, with a 40 per cent interest, with Encana and EOG Resources Canada each owning a 30 per cent interest.

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