Transcanada says Apache plan to sell Kitimat interest was no surprise

Thu Jul 31, 2014 5:13pm EDT
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CALGARY, Alberta, July 31 (Reuters) - Oil and gas pipeline company Transcanada Corp said on Thursday in a second quarter earnings call it was always aware Apache Corp was looking to sell at least a piece of its interest in the Kitimat, BC, LNG project.

U.S. oil and gas company Apache announced earlier on Thursday it plans to sell its interest in the $15 billion Kitimat project, in which it partners Chevron Corp.

TransCanada plans to build a $1.9 billion gas pipeline to feed the Kitimat project, providing the LNG facility goes ahead. (Reporting by Nia Williams; Editing by David Gregorio)