Encana shaves portfolio with sale of LNG unit

摘要

Encana Corp. (NYSE, TSX: ECA) is divesting more U.S. gas assets with the sale of the LNG business run by Encana Natural Gas Inc. (ENGI) of Denver to Beaumont, Texas-based Stabilis Energy. Stabilis has an LNG facility under construction and will be able to produce about 100,000 LNG gallons per day when complete. The divestment and Encana's announced $1.8-billion sale in March of Wyoming natural gas properties in Jonah Field furthers the company's transition to forgo gas for liquids growth.