Chevron to put funding on hold for Kitimat LNG

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Chevron Corp. is halting funding for the Kitimat LNG joint venture in northern British Columbia after no buyers surfaced for the much-delayed project that revamped its designs in a bid to meet British Columbia’s climate goals. New designs for the export terminal, unveiled in mid-2019, promote electric-motor technology in an effort to comply with British Columbia’s clampdown on carbon emissions. Various owners have poured hundreds of millions of dollars into site preparation at Bish Cove, but the project been effectively stalled for several years. Kitimat LNG’s proposed Pacific Trail Pipeline sought to transport natural gas from the Summit Lake area in the B.C. Interior to the terminal at Bish Cove.

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