The jurist Antonio Hernandez-Gil will abandon the board in accordance with recommendations from the Unified Good Governance Code
Repsol will propose the incorporation of María Isabel Gabarró to the board as an independent member
Press Release25/03/2009 00:00
Repsol (NYSE: REP) enters the US and Canadian natural gas markets with significant supply capabilities for local distribution companies, power generators and other retailers.
The LNG facility has a firm sendout capacity of 1 Bcf/day, enough to heat 5 million homes.
Canaport is the first to be completed of Repsol’s ten strategic projects included in the 2008-2012 Strategic Plan.
It is the first land-based LNG receiving and re-gas terminal built on the east coast of North America in 30 years and the first LNG receiving and re-gas terminal in Canada.
Repsol partnered with Irving Oil Limited, owner of Canada’s largest oil refinery in the construction and operation of the Canaport LNG receiving and re-gas terminal.
“The Canaport project demonstrates our ability to develop and construct complex energy projects,” said Repsol Chairman Antonio Brufau.