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 Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

LNG

GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,

Doosan Delivers a ‘World’s First’ to NASSCO

Doosan Engine has confirmed delivery of the world’s first dual-fuel, low-speed ME-GI engine to the American National Steel and Shipbuilding Company (NASSCO) shipyard in San Diego, USA.

Liquiline to Construct Denmark's First LNG Bunker Terminal

Liquiline says it has entered into a contract with Fjord Line to design, construct and commission an LNG ship bunkering terminal for Fjord Line AS at the Port of Hirtshals, Denmark.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1059 sec (9 req/sec)