15 February 2011 16:36 [Source: ICIS news]
The review of the PetroChina deal, and a review of a proposed merger of the
Thorsten Koeppl, an associate economics professor at
"[...] One gets the feeling that [the PotashCorp decision] was mainly driven by the fear of a voter backlash in
However, Calgary-based corporate lawyer Craig Spurn said PetroChina’s plan to buy from Encana a 50% stake in the Cutbank Ridge gas assets in
While the PetroChina deal marked the largest direct Chinese investment in Canadian resources, it would not result in the Chinese state-owned oil major taking control of an existing Canadian business, Spurn said in a briefing on Canadian business television.
Spurn said the PetroChina deal was remarkable in terms of its size, and also because it was for gas, rather that oil sands.
On the other hand, given
Spurn also said the deal may prompt the construction of a liquefied natural gas (LNG) export facility in
With relatively low North American natural gas prices, “you have to think that the end-game of this [PetroChina deal] will be an LNG export facility on
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