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Reuters – December 26, 2012

By Scott Haggett. CALGARY, Alberta | Mon Dec 24, 2012 1:49pm EST. CALGARY, Alberta (Reuters) – Chevron Corp said on Monday it will enter the Canadian liquefied natural gas business with the acquisition of the 50 percent stake in the Kitimat LNG project held by Encana Corp and EOG Resources Inc.Chevron will take Encana’s and EOG’s 30 percent stakes in the LNG-export project for an undisclosed price as the No.2 U.S. oil company looks to jumpstart North American natural gas exports.

Chevron to buy stake in Kitimat LNG from Encana, EOG