Repsol and Qatargas have signed a multi-year LNG agreement that will see Qatargas supply LNG to Repsol Energy Canada Ltd. at the Canaport LNG facility in Saint John, New Brunswick.
Qatargas will deliver LNG to Canaport LNG using both Q-Flex and Q-Max ships. The Q-Max and Q-Flex vessels are the largest LNG tankers in the world with capacity to carry the equivalent of approximately 5.6 and 4.6 bcf of natural gas, respectively. Canaport is one of the few terminals worldwide with capacity to dock these ships.
"The new LNG supply from Qatar strengthens Repsol's position in the Canadian and Northeast US markets as a reliable, diversified, flexible supplier of natural gas," said Benjamin Palomo, Executive Director of LNG for Repsol.
Palomo added that Repsol is expanding in LNG to reinforce its competitive positioning, as the business is seen as a key driver of medium and long-term growth. Repsol is already one of the world's largest LNG operators.
