The first British Columbia (BC) project in Kitimat to move liquefied natural gas (LNG) exports overseas is no longer on the funding list for Chevron Corp., which has been partnering in the proposal with Australia’s Woodside Energy Ltd.

Kitimat LNG

The Kitimat LNG project owner and would-be operator announced a halt to all of its spending on the project. The export project was initially launched in 2012 by Chevron and former partner Apache Corp., which sold its stakes to Woodside in 2014. 

Chevron said its decision to halt funding followed an unsuccessful effort since December 2019 to sell its 50% share.

Chevron called its LNG withdrawal part of a “global portfolio optimization effort focused on improving returns and driving value.” The supermajor has LNG projects already in...