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Japanese firm buys into Nexen’s B.C. shale gas assets
Partnership could also include an LNG terminal
Nexen Inc. has reached an agreement to create a strategic partnership with a consortium led by Inpex Corp. of Japan for the development of Nexen’s shale gas lands in the Horn River, Cordova and Liard basins in northeast British Columbia. Nexen will sell a 40% WI in the assets and will remain the operator. The deal reflects a tremendous interest in Canadian gas on the part of Japan, according to Nexen CEO Marvin Romanow. After the meltdown at the Fukushima nuclear plant in the wake of last spr...
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