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    Financial Post: CNOOC may go it alone on West Coast LNG

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Summary

Nexen is considering its own liquefied natural gas project on the West Coast, leveraging its 30,000 acres of shale gas deposits in northeast British Columbia and parent company CNOOC’s considerable expertise in the transportation of natural gas.

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Financial Post: CNOOC may go it alone on West Coast LNG

Nexen is considering its own liquefied natural gas project on the West Coast, leveraging its 30,000 acres of shale gas deposits in northeast British Columbia and parent company CNOOC’s considerable expertise in the transportation of natural gas.

“It is quite possible,” said Kevin Reinhart, chief executive officer at Nexen, which was bought by the China National Offshore Oil Corp. for $15.1-billion in February.

In April, the B.C. government received separate proposals from Nexen and three other companies for non-binding expressions of interest for projects at Grassy Point location. The site is north of Prince Rupert and Kitimat, where Royal Dutch Shell Plc., Chevron Corp. and a clutch of other companies are planning LNG projects.  MORE

 

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