Spain-headquartered oil company Repsol has completed the first of 10 key projects outlined in the companys 2008-2012 Strategic Plan by opening Canadas first LNG terminal.
Canaport LNG terminal was built in association with Irving Oil, and is the first of its kind to be built on the east coast of North America in 30 years and the first ever to be built in Canada.
The 1 billion cubic feet per day facility will provide supplies of natural gas to homes, businesses and industry in Canada and the northeast US.
Repsol is the managing general partner of Canaport LNG with a 75% stake. Repsol has contracted for 100% of the plants capacity. Repsol began selling gas in Northeast of the US in 2008.
Repsol Energy North America Corporation and Repsol Energy Canada are the entities that will engage in the sale of the regasified LNG in the US and Canada.