RSS Feed
Vancouver Sun: PetroChina's $5.4-billion US deal to acquire half of EnCana Corp.'s Cutbank Ridge natural gas play in northeastern British Columbia is tangible proof of the enormous value of this vast resource.
It also demonstrates the voracious appetite for energy in rapidly developing China, now the world's secondlargest economy.
Not only does this transaction provide crucial capital at a time of historically low natural gas prices to accelerate production (now at 250 million cubic feet a day), but it breathes......
Read Complete Article at Water Conserve: Water Conservation RSS Newsfeed
Canada: Mega-deal for natural gas brings benefits
Posted by Washington Post: Juliet Eilperin on February 22nd, 2011
Posted in Water Conservation