Canada's Pacific Northern Gas Ltd (PNG.TO) said it agreed to sell its stake in Pacific Trail Pipelines LP to joint venture partners Apache Canada Ltd (APA.N) and EOG Resources Canada Inc (EOG.N) for C$50 million ($50.6 million). Pacific Northern held a 50 percent stake in Pacific Trail, a C$1 billion, 300-mile joint venture pipeline originating at Summit Lake, British Columbia. The company said Apache's ownership of the pipeline will now increase to 51 percent from 25.5 percent, and EOG's to 49 percent from 24.5 percent.
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