The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

A large EnCana tank is seen on the construction site of a well for oil and natural gas in a State Forest Park in Kalkaska, Mich.
A large EnCana tank is seen on the construction site of a well for oil and natural gas in a State Forest Park in Kalkaska, Mich.
(REBECCA COOK/REUTERS)

Encana continues asset sales as partner buys its stake in LNG facility

Encana Corp. has sold another project on the periphery of its business.

The natural gas company sold its 50-per-cent stake in the liquefied natural gas production facility at Elmworth, Alta., to its joint venture partner Ferus Natural Gas Fuels Inc. While this fits with Encana’s plan to sell assets, the deal was not large enough for the company to announce it publicly.