Kitimat LNG

Is liquefied northern gas shipped to overseas markets a viable project? These guys think so.

From the Calgary Herald:

CALGARY - Apache Corporation has applied to become Canada's first exporter of liquefied natural gas, setting in regulatory motion a new outlet for an over-stocked, under-priced resource.

The largest independent oil and gas producer in the United States filed for a 20-year licence to export super-cooled gas from a proposed terminal in Bish Cove, British Columbia, according to subsidiary Apache Canada Friday.

The Kitimat project is worth following for unit cost comparison to the Valdez Alaska Gas Pipeline alternative.