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

Cruise Ship Trends

MTN Broadband Coverage Expanding

After launching its Terrestrial Broadband Network (TBN) just more than one year ago, MTN Communications (MTN) announces the number of TBN-connected cruise ships

2 Cruise Season Records at Lerwick Harbor

The arrival of the cruise ship Norwegian Star at Lerwick Harbour today (Thursday 25 September) marks the end of the Shetland port's best season yet, with two records achieved.

Holland America Line Wins 8 Magellan Awards

Travel Weekly magazine announced the recipients of its 2014 Magellan Awards, and Holland America Line received eight of the prestigious honors. The line won

LNG

US Shipyard to Produce GTT's LNG Membrane Tanks

Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), via its U.

Skangass Builds LNG Terminal in Pori, Finland

With investment support from the Finnish Government of 185 million NOK Skangass has decided to build a new import terminal for LNG. The terminal will be completed in 2016.

Louisiana to Get Natural Gas Liquefaction and Fueling Facility

Tenaska Bayou LNG expected to meet growing marine, transportation and oil and gas exploration and production demand on the Gulf Coast Tenaska NG Fuels, LLC and Waller Marine, Inc.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1093 sec (9 req/sec)