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COPYRIGHT 2004 Hart Publications, Inc.
Anadarko Petroleum Corp. has acquired Access Northeast Energy Inc. (ANEI), a private Canadian company whose sole project is a proposed liquefied natural gas (LNG) receiving terminal on the coast of Nova Scotia.
The planned terminal is expected to begin commercial operations in late 2007, processing up to 1 billion cubic feet of gas per day. It has been permitted at Bear Head, Point Tupper, on Cape Breton Island, along the Strait of Canso in an industrial area with a deep port.
The acquisition of ANEI represents a step in a new direction for Anadarko--one that can maximize the...
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