KM LNG Operating General Partnership

Apache Corporation
NYSE : APA
NASDAQ : APA

December 09, 2010 19:14 ET

KM LNG Files NEB Application for 20-Year Licence to Export LNG From British Columbia, Canada

CALGARY, ALBERTA--(Marketwire - Dec. 9, 2010) - KM LNG Operating General Partnership ("KM LNG"), an affiliate of Apache Corporation (NYSE:APA)(NASDAQ:APA), today announced that it has filed a licence application with the Canadian National Energy Board ("NEB") for approval to export liquefied natural gas ("LNG") from the planned Kitimat LNG Terminal ("Terminal") located at Bish Cove, British Columbia. The application requests permission to export up to 10 million metric tons of LNG per year for a period of 20 years. This quantity matches the two-phased capacity design of the Terminal.

"The exportation of LNG is an important step forward for the Canadian natural gas industry and offers substantial benefits to the province of British Columbia in particular," said Janine McArdle, president of KM LNG. "The applied-for authorization will demonstrate Canadian LNG is a secure and reliable source of supply that can compete for market share in the Asia Pacific region."

KM LNG is the operator of the Terminal. All LNG exported under the applied-for licence will be produced by KM LNG at the Terminal.

In November 2010, members of the Haisla Nation voted overwhelmingly in favour of approving a lease of reserve lands required for the construction and ongoing operation of the Terminal. Federal and provincial environmental authorizations for the initial design of the Terminal have also been obtained.

The Terminal is owned by affiliates of Apache Canada Ltd. (51%) and EOG Resources Canada Inc. (49%) and a copy of this release can be found at www.kitimatlngfacility.com.

About Apache

Apache Corporation is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom North Sea, Australia and Argentina. Apache posts announcements, updates and investor information, in addition to copies of all recent press releases, on its Web site, www.apachecorp.com.

About EOG Resources

EOG Resources Canada Inc. is a wholly owned subsidiary of EOG Resources Inc., one of the largest independent (non-integrated) oil and natural gas companies in the United States with proved reserves in the United States, Canada, Trinidad, the United Kingdom and China. For more information, visit www.eogresources.com.

Contact Information

  • Apache Corporation
    Paul Wyke
    Senior Advisor, Communications and Media Relations
    Public & Government Affairs
    403-303-5925
    Paul.Wyke@apachecorp.com