Repsol is the managing general partner of Canaport LNG, with a 75% stake, and has contracted for 100% of the plant’s capacity. Repsol began selling gas in northeast of the US in 2008.
“The Canaport LNG terminal commissioning demonstrates Repsol’s commitment to the LNG business,” said Antonio Brufau, chairman of Repsol. “Canaport LNG highlights Repsol’s ability to develop and construct complex energy projects.”
“We would like to thank our community for their support, especially during the early days when it was just an idea. We are very proud to be associated with Repsol on this project and are grateful for the trust they have invested in us as their local partner,” said Kenneth Irving.
Repsol’s commercial strategy in LNG aims to reinforce its position in the commodity’s global trade. The company’s strategic plan aims to quadruple the volumes of LNG sold by 2012.
