Canadian National Energy Board received an application from Repsol this week seeking authorization to export LNG from its Canaport facility.
According to the filing, Repsol intends to import 271 bcf of gas annually via pipeline from the United States which would then be converted to 5 million metric tons of LNG.
Reuters reveals that the project could cost up to $4 billion.
The owner and operator of the terminal, Canaport LNG is a partnership between the Spanish company Repsol with a 75% share and Irving Oil with a 25% share.
LNG World News Site; Image: Canaport LNG