• agreed to acquire a 30% stake in the Kitimat Liquefied Natural Gas (LNG) terminal, which has planned initial capacity of 700 mmcfpd of LNG in the first of two potential phases. The deal for the facility is expected to close in the second quarter of this year, leaving operator Apache and partner EOG Resources with interests of 40% and 30%, respectively.
  • In addition to the Encana‐Apache‐EOG Resources application to the National Energy Board (NEB) for a license to export LNG from the Kitimat terminal, B.C. LNG Export Co‐Operative has filed an application to export LNG for a period of 20 years. The latter has received firm commitments through a purchase and sale agreement for the purchase of the full capacity of the LNG facility throughout the 20 year term. Pending regulatory approval, it is expected that the facility will be commissioned and sales will commence by fourth quarter 2013.
  • Murphy Oil announced that production has commenced at its 180 mmcfpd Tupper West gas processing plant. By the end of this year, production at the facility is expected to exceed 120 mmcfpd. The first phase of the development is expected to have 275 wells drilled, with another 244 wells in a possible second phase.