Crackdown aimed at tightening central control over PetroChina and other companies.
LNG Canada joint-venture says its Kitimat export facility would produce up to $39 billion in tax revenues over its lifespan.
$3-billion Grand Rapids pipeline ship up to 900,000 barrels of diluted bitumen per day.
Also, the company’s CEO Sveinung Svarte will retire on Sept. 30.
Sale will bring in $1.184 billion, $600 million of which has already been paid in cash.
2009 joint-venture deal included an exit strategy for the Canadian company.
But CEO says the agreement doesn’t mean a final decision to build has been made.
China fires senior official linked to corruption probe into state-owned oil giant.
The project will use steam-assisted gravity drainage technology to recover bitumen.
Canadian mining exports to China have eclipsed total exports to Germany.
License allows LNG Canada to export 24 million tonnes of liquified natural gas a year.
Companies will invest $4 billion in central Alberta shale development.
The energy giant’s Horn River basin contains dry gas, which is worth five times more in Asia.
Cost could be half steam-assisted gravity drainage.
Deal could be part of a string of recent investments by Chinese oil companies looking to capitalize on Canada’s vast energy resources.