From The West Australian
Woodside Petroleum has abandoned a proposed LNG project in western Canada to focus on a nearby venture with Chevron.
The Perth-based oil and gas company in January chose not to renew its agreement with the British Columbia provincial government to develop an LNG terminal at the Grassy Point site.
Woodside struck the deal with the BC Government in 2014 as a sole proponent. Later that year it acquired from Apache a 50 per cent stake in British Columbia’s Kitimat LNG project.
Woodside paid fees of at least $C17 million under the life of the agreement but did not develop the Grassy Point site.
“The decision (not to renew) was made after careful consideration of our long-term development strategy in Canada,” a spokeswoman said.
