Pacific Northern to sell stake in Pacific Trail Pipelines

The largest shareholder in the proposed Kitimat natural gas pipeline project announced Monday that it is selling its 50 per cent interest in the project to its two other partners for $50 million.
Pacific Northern Gas Ltd., of Vancouver, says the sale to partners Apache Canada and EOG Canada, brings the pipeline project under control of Apache and EOG, both headquartered in the United States.
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Source: The Vancouver Sun