Chevron Corp CVX:NYSE

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Chevron Seeks British Columbia Regulator OK to Change Plan on LNG Export Facility to All-Electric Design

6:16AM ET 7/16/2019 MT Newswires
Chevron (CVX) has submitted a request to the British Columbia Environmental Assessment Office to change its original design plan for its Kitimat liquefied natural gas (LNG) export facility in the province to all-electric and powered by hydroelectricity, reports said late Monday.

Chevron claims the proposed change in design could expand the capacity but with the lowest greenhouse gas emissions per ton of LNG, reports said.

According to the project's description, Chevron and its partner Woodside Petroleum expects to start production at the facility in 2029.

CVX slipped by 0.1% Tuesday in the pre-market hours.

Price: 125.72, Change: -0.26, Percent Change: -0.21