An Australian firm has been given the green light to purchase stakes in a number of LNG projects, including one based in Kitimat.
The Australian Competition and Consumer Commission says it won’t oppose Woodside Petroleum’s purchase of Apache’s interest in three projects, including the Kitimat LNG project.
Apache announced the sale of its 50 per cent stake in Kitimat LNG to Woodside back in December.
Chevron Canada continues to hold 50 per cent of the project.
Questions about the future viability of Kitimat LNG were raised when Apache first announced its intention to get out of the natural gas business.
The Australian Competition and Consumer Commission had a say in the sale because Apache and Woodside both supply gas to Western Australia.