Canaport Lng Terminal News

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.

the Canaport LNG project begins this week at Irving Canaport. site was completed in May 2005. excavation and leveling, and is the precursor to full-scale construction. construction (EPC) earlier this summer. begin in Spring 2006. Irving Oil Limited and Repsol YPF, S.A. the LNG regassification terminal in Saint John. regassified LNG into the market.