Unable to sell its partially completed liquefied natural gas (LNG) import terminal in Point Tupper, NS, Anadarko Petroleum Corp. has taken a $111 million write-off and will mothball the Bear Head LNG Corp. project.
Tupper
Articles from Tupper
Anadarko to Sell Bear Head LNG Project for $125M
Anadarko Petroleum Corp. has agreed to sell Bear Head LNG Corp., a subsidiary that is developing a liquefied natural gas (LNG) receiving terminal at Point Tupper, NS. The sale follows the company’s decision last month to sell Anadarko Canada Corp. (see Daily GPI, June 29).
September 29, 2006
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