Chevron move to exit Kitimat LNG project a dash of ‘cold water’ for gas industry
The California-based company announced the potential sale in its 2020
budget, adding it would also cut funding to gas-related ventures
including Kitimat LNG and its shale gas fields in the northeastern
United States.
budget, adding it would also cut funding to gas-related ventures
including Kitimat LNG and its shale gas fields in the northeastern
United States.
It also announced a charge of at least US$10 billion against its assets
because of expected lower long-term prices for oil and gas.