From breakthrough to breakdown
Plans for largest Chinese investment in Canadian shale gas dissolve when Encana, PetroChina unable to negotiate operating agreement
By Gary Park
For Petroleum News
What was hailed as a landmark deal is now in tatters after Encana disclosed that it was unable to put the final touches on a $5.4 billion commitment by PetroChina to accelerate development of the Canadian gas producerís huge shale gas resources in the Cutbank Ridge area of British Columbia.
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