Canada: LNG Re-Exports Approved for Canaport Terminal
Repsol’s Canaport LNG terminal in Canada has received an approval from the provincial Department of Environment to export previously imported LNG to global markets with better selling prices.
“There’s really no time line for when we would start — or if we would start,” Kate Shannon, Canaport LNG’s spokesperson told CBC News.
“It’s basically there as an option, just in case.” “We may start it this winter, or it may not happen at all,” she added.
Canaport LNG, located in Saint John, New Brunswick, is Canada’s only LNG import terminal and has a maximum send-out capacity of 1.2 Bcf or 28 million cubic metres of natural gas per day.
Canada may become a huge LNG exporter while several major energy companies have proposed to build LNG export terminals to develop the country’s vast shale gas reserves.
LNG World News Staff, November 27, 2013; Image: Canaport LNG