Encana and PetroChina eye Asian LNG market for Cutbank Ridge gas

摘要

Encana Corporation is looking to liquefied natural gas (LNG) export markets in Asia in anticipation of a more rapid pace of development at its Cutbank Ridge assets as part of a new joint venture with a China National Petroleum Corporation subsidiary. "We are, of course, very interested in the expansion of the creation of an LNG export market from North America and we do think it makes a tremendous amount of sense for that market to be linked to the Asian market from a proximity point of view," Randy Eresman, Encana president and chief executive officer, said on February 10. "We look forward to supporting that in any way we can."