Canaport LNG can supply up to 20% of New York and New England’s gas demand
Antonio Brufau opens Canadas first liquefied natural gas terminal
Press Release25/09/2009 17:51
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.