Repsol pondering LNG exports from Canaport terminal

Repsol pondering LNG exports from Canaport terminal

Spanish Repsol is looking for partners to invest $4 billion to start exporting natural gas from North America to Europe. 

Repsol plans to build a plant with the capacity of 5 mmtpa of LNG at its Canaport terminal in New Brunswick, Canada in order to meet Europe’s demands for gas, Reuters informs.

The plant would liquefy US shale gas, and Repsol as a minority partner would take advantage of the existing Canaport facilities, and ship gas to Europe that is looking for safer and more competitive sources.

According to Reuters, Repsol, that is investigating the feasibility of the project, would only go ahead with the plans if partners take on the bulk of the investment.

LNG World News Staff; Image: Canaport

Share this article

Follow LNG World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >