Canaport LNG to be Renamed Saint John LNG After Repsol Acquisition Now Complete

Repsol announced today the company has completed the acquisition of 100% ownership of the Canaport LNG terminal. Canaport LNG is a receiving and regasification terminal in Saint John, New Brunswick.  In August of this year Irving Oil announced the divestiture of its 25 per cent ownership interest in Canaport LNG to Repsol.

Repsol has operated the terminal since the facility opened in 2009. The terminal will be renamed Saint John LNG to mark the transition to new ownership. Saint John LNG plans to continue serving Repsol´s customers in Atlantic Canada and the US Northeast while looking at future developments aligned with its strategy to achieve zero net emissions by 2050.

“Repsol has been operating the LNG terminal since it opened more than a decade ago, and we’re extremely proud of our legacy as a responsible operator and a good neighbor,” said Saint John LNG Manager Courtney Jones. “We’re honored to be part of the community here in Saint John, and we look forward to continuing to play an important role in the region.”