22:13:12 EDT Thu 02 May 2024
Enter Symbol
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Crescent Point Energy Corp
Symbol CPG
Shares Issued 622,476,090
Close 2024-01-08 C$ 8.98
Market Cap C$ 5,589,835,288
Recent Sedar Documents

Globe says Peyto, others get behind Shell gas project

2024-01-09 07:42 ET - In the News

See In the News (C-PEY) Peyto Exploration & Development Corp

The Globe and Mail reports in its Tuesday edition that Ksi Lisims LNG, an energy project proposed for Northern British Columbia, has signed Shell Eastern Trading as its first purchaser of liquefied natural gas. The Globe's Brent Jang writes that Shell Eastern disclosed the 20-year deal in a joint announcement Monday with Ksi Lisims, which is undergoing a regulatory review of its plans to export LNG to Asia. The goal is to start exports in 2028, with the operations expected to run for at least 30 years in what would be one of the largest such projects in Canada. Ksi Lisims plans to use two floating platforms to produce LNG with electricity. London-based Shell PLC is the parent company of both Shell Eastern and Shell Energy. The Nisga'a Nation, Western LNG and a group of natural gas producers called Rockies LNG are partners in the Ksi Lisims project near Gitlaxt'aamiks, which is home to the Nisga'a Lisims government, led by elected president Eva Clayton. Members of the Rockies LNG group of natural gas producers include Birchcliff Energy, Tourmaline Oil, Advantage Oil & Gas, Peyto Exploration & Development, NuVista Energy, Paramount Resources, Ovintiv, and Crescent Point Energy.

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