One-Page Deal Sheet
Encana to Shed Interest in Kitimat LNG Facility, Horn River Acreage
Chevron Corp Ovintiv Inc
Announced Date
December 24,2012
Transaction Type
Asset
Transaction Details: Subscribe to see
Encana Corporation has agreed to sell its 30 percent interest in the proposed Kitimat liquefied natural gas (LNG) export terminal project to Chevron Canada Limited (Chevron), subject to regulatory approvals and post-closing adjustments.
Included in the sale are Encana's 30 percent interest in the associated Pacific Trail Pipelines as well as approximately 32,500 acres of undeveloped land in the Horn River Basin of northeastern British Columbia and the assumption of Encana's take-or-pay processing commitments for the first phase of the Cabin Gas Plant.
"This investment by Chevron, a…
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