WOPEY - Chevron to stop Kitimat LNG feasibility work

Chevron ([[CVX]] +0.2%) says it will stop funding further feasibility work on the proposed Kitimat liquefied natural gas project on the British Columbia coast.The Kitimat LNG project includes upstream resource assets in the Liard and Horn River Basins in northeast B.C., the proposed Pacific Trail Pipeline and plans for a natural gas liquefaction facility at Bish Cove near Kitimat, B.C.Chevron is operator and 50% owner of the project in a joint venture with Australia's Woodside Petroleum ([[WOPEF]], [[WOPEY]]).Chevron has failed to find a buyer for the project after putting its interest up for sale in December 2019.

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Chevron to stop Kitimat LNG feasibility work