Irving Oil, Repsol partner to develop Irving Canaport LNG terminal

Spain's Repsol YPF SA is joining Irving Oil Ltd., Saint John, NB, in the development of an LNG receiving terminal in Saint John. Irving Oil received approval for the project Aug. 6 (OGJ Online, Aug. 6, 2004).

Sept. 24, 2004

By OGJ editors

HOUSTON, Sept. 24 -- Spain's Repsol YPF SA is joining Irving Oil Ltd., Saint John, NB, in the development of an LNG receiving terminal in Saint John. Irving Oil received approval for the project Aug. 6 (OGJ Online, Aug. 6, 2004).

Repsol and Irving Oil are moving ahead with detailed engineering for the facility, which will be located at Irving's existing deepwater petroleum-receiving marine terminal, Irving Canaport. Plans call for three 160,000 cu m LNG tanks and a throughput capacity of 1 bcfd of natural gas.

Canaport, 65 miles from the US border, is expected to supply eastern Canada and New England.