Largest North American LNG complex on tap

Phillips LNG Project [28240 bytes] The prospects for new liquefied natural gas projects are mounting, with the disclosure of a new $1.4 billion (Canadian) LNG liquefaction/pipeline project in British Columbia, the largest in North America, officials said. Phillips Petroleum Canada Ltd. is designated operator of the new liquefaction complex, which will be built at Kitimat, B.C. Phillips has a 35% interest in the project. Participants include Daewoo Corp., Seoul, 25%; Bechtel Enterprises Inc., San Francisco, 10%; and Pac-Rim LNG Inc., Calgary, 20%. Korea Gas Corp., also of Seoul, is expected to acquire the remaining 10%. The project is the first to be an...

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