State regulators’ denial of water permits had put the natural gas pipeline on hold.
The threat to the export terminal’s viability is a blow to the Nations’ financial and jobs prospects.
The decision to waive sanctions on the company behind Russia’s Nord Stream 2 gas pipeline and its CEO came as the Biden administration seeks to rebuild ties with Germany.
A report that the administration would waive sanctions against Nord Stream 2 contrasts with Biden’s opposition to the natural gas pipeline project.
Woodside’s withdrawal from the Kitimat LNG project was just the latest blow.
Off you invest into the wild green yonder … or maybe wait. Deloitte’s new study debunks some myths and offers guidance on whether and how to pursue a greener strategy.
The exit of the Kitimat LNG development project would comprise the sale or wind-up of agreements and assets on the Pacific Trail Pipeline route and at the site for the proposed facility, Woodside Petroleum said.
The new owner will use the rigs for non-drilling purposes as part of their planned Fast LNG project.
Don Marchand, who has served as TC Energy’s CFO since 2010, will assist his successor Joel Hunter with the transition through November.
Northern Border Pipeline carries natural gas from the Bakken Shale.