Chevron to exit Kitimat LNG project in British Columbia
The announcement was surprising as Canada’s regulators just this week approved an application by Chevron to export liquefied natural gas from its proposed facility in Kitimat to Asian markets for a period of 40 years
Chevron's decision concerning Kitimat LNG came as the firm said it was cutting the value of a number of properties, notably its US shale holdings in Appalachia, by a combined $10bn to $11bn
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