More twists in Arctic gas contest
Oil sands trust sees assets as ‘cheap insurance’ against rising gas prices; Petro-Canada extends offer without sweetening terms; Coutu says Arctic Islands likely need LNG project
By Gary Park
For Petroleum News
The tussle over natural gas assets in Canada’s Arctic Islands won’t hear the final bell for at least another month.
In an unexpected development, Canadian Oil Sands Trust (COST) apparently trumped two earlier bids for Canada Southern Petroleum, but Petro-Canada has kept itself in the mix by extendin....
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Higher bid coming?
Development at least 10 years away
Ten cents per thousand cubic feet
First solid link from Alberta to Arctic
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