May 2009 Vol. 236 No. 5

Projects

Regasification Plant In Canada On Schedule

The Canaport LNG terminal in Saint John, New Brunswick is nearing completion after the three cryogenic LNG tanks were found to be in accordance with Canadian standards.

Canaport LNG is a consortium between Irwing Oil, New Brunswick and Repsol, Spain, constructing the first LNG receiving and regasification terminal in Canada. After four years of construction, the terminal should begin operations shortly and supply natural gas to Canadian and American markets. The first Canadian LNG terminal has a capacity of 1 Bcf/d, representing a capital investment of $C750 million.