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Woodside to exit Kitimat LNG

5/18/2021

Woodside Petroleum - Press Release Woodside has decided to exit its 50% non-operated participating interest in the proposed Kitimat LNG (KLNG) development, located in British Columbia, Canada. The exit will include the divestment or wind-up and restoration of assets, leases and agreements covering the 480 km Pacific Trail Pipeline route and the site for the proposed LNG facility at Bish Cove. Woodside will retain a position in the Liard Basin upstream gas resource. Woodside will work with Kitimat Joint Venture participant and operator Chevron Canada (Chevron) to protect value during the exit. Chevron announced its plan to divest its 50% interest in KLNG in December 2019.The costs associat

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