Repsol Expands N. American LNG Ops

Tuesday, August 23, 2005
Repsol YPF announced that it has signed agreements with M&NP for transportation service on a new pipeline system in Canada, as well as for a planned expansion of M&NP’s pipeline system in the United States, which will deliver volumes from the Canaport™ LNG import terminal to downstream markets. Under these agreements, Repsol YPF will be able to move its existing LNG supplies into the North American market. Repsol YPF announced in June that it had agreed with Irving Oil to form a new company, Canaport™ LNG, which will build, own and operate the Canaport™ LNG terminal in Saint John, New Brunswick. The terminal will initially be capable of delivering 1 BCFD of regassified LNG into the market. The Canaport™ LNG terminal is a key milestone in Repsol YPF’s strategy. As outlined in Repsol YPF’s 2005-2009 Strategic Plan, one of the principal vectors of growth for the company will be Upstream, and the company will increase its commitment with respect to assets related to the production of natural gas, especially LNG, in the Atlantic, Pacific and Mediterranean basins. Canaport™ LNG has completed the front end engineering design for the terminal, and plans to request proposals for engineering, procurement and construction (EPC) contracts in July 2005. The terminal will be operational and delivering regassified LNG into the marketplace in 2008. Repsol YPF considers this to be a very important step in completing its integrated LNG value chain, ensuring the delivery of secure supplies of natural gas to key markets in the USA and Canada from its extensive resource base in the Atlantic Basin.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Norwegian Escape with Biggest Scrubbers sets Sail

On a sunny October day in the German harbor-town of Hamburg, M/V Norwegian Escape, a brand new cruise ship, sets sail for the first time. On board are five Yara SOx scrubbers – one for each engine.

First Cruise Ships Dock at Abu Dhabi’s New Stopover

Abu Dhabi Ports─the master developer, operator and manager of ports and industrial zones in the Emirate―has started welcoming cruise liners at Sir Bani Yas Island,

Five P&O Cruise Ships Meet in Sydney

Sydney is the stage for the biggest get-together of a fleet of cruise ships ever seen in the harbor city.    Five P&O cruise ships have created a V-formation


Deltamarin to Designs First LNG Handysize Bulk Carriers

Deltamarin Ltd proudly announces that it has signed a contract to design the world’s first LNG handysize bulk carriers, which will point the way towards greener shipping of commodities.

Swan Energy to Invest $845 mln for FSRU Terminal

Swan Energy Limited will invest around Rs. 5,600 crore ($845 mln) towards setting up of Jafrabad LNG Port project in Gujarat with one jetty-moored Floating, Storage and Regasification Unit (FSRU).

Alaska Buys TransCanada AK LNG Stake

The State of Alaska has finalized a deal with TransCanada to buy out the pipeline company's share in the proposed Alaska liquefied natural gas export project for nearly $65 million.

Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0720 sec (14 req/sec)