Encana Completed Sale of its Stake in Elmworth JV to Ferus NGF
CHEMMONITOR.COM - Canada-based Ferus Natural Gas Fuels (NGF) has purchased 50% stake of the Encana (Canada) facility in Elmworth in Alberta. The plant produces 190,000 liters of LNG daily. Encana’s staff will be retained at the firm.
Elmworth LNG is a JV, owned by Encana and Ferus NGF. The first stage of the Elmworth facility will become operational in May 2014.