Chevron Corp. (NYSE: CVX) will acquire a 50 percent operating interest in the Kitimat liquefied natural gas project and proposed Pacific Trail Pipeline for an undisclosed amount.

San Ramon, Calif.-based Chevron will acquire the interest through its Canadian subsidiary, Chevron Canada Ltd., which will also acquire a 50 percent interest in about 644,000 acres of petroleum and natural gas rights in the Horn River and Liard Basins in British Columbia.

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