Apache planning exit of LNG projects in Australia, Canada

08/11/2014
In a move "consistent" with its "ongoing repositioning for profitable and repeatable North American onshore growth," Houston independent Apache Corp. reported July 31 during its quarterly earnings statement that it would exit completely its holdings in the Wheatstone LNG project in Western Australia and the Kitimat LNG project in Bish Cove, British Columbia. In addition, the company said it is now "evaluating" its holdings in other international assets and "exploring multiple opportunities, including the potential separation of some or all of these assets through the capital markets." G. Steven Farris, Apache chairman, chief executive officer, and p...
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