Repsol to become major natural gas supplier to North America as Canaport LNG terminal begins operations
Press Release18/06/2009 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.
Repsol could supply as much as 20 percent of the natural gas market in the northeast U.S. from Canaport LNG and other gas holdings.
The LNG facility has a firm sendout capacity of 1 Bcf/day, enough to heat 5 million homes.
First LNG receiving and re-gas terminal built on the east coast of North America in 30 years. First LNG receiving and re-gas terminal in Canada.
Repsol asegura un suministro competitivo y estable para la zona noreste de Estados Unidos.
Repsol will provide competitive and stable gas supplies to the northeast of North America via the Canaport LNG Terminal.
Repsol partnered with Irving Oil Limited, owner of Canada’s largest oil refiner, in the construction and operation of the Canaport LNG receiving and re-gas terminal.