Repsol YPF/Irving Oil to build LNG terminal in Canada.
Repsol YPF SA and Irving Oil plan to build an LNG terminal on
Canada's east coast to supply northeastern U.S. and eastern markets
in Canada. The plant, to be located in Saint John, will revert liquefied
gas to its natural state for transport to consumers through pipelines by
2008, according to Repsol.
The plant will have an initial capacity of 10 billion cubic meters
a year. Gas will be supplied by Repsol which is already a top supplier
of LNG to the U.S., mainly from Trinidad and Tobago.