Canada’s National Energy Board issued a statement approving Saint John LNG Development’s application for a licence to export LNG from the proposed facility near Saint John, New Brunswick.
According to NEB’s filing, Saint John LNG Development, a unit of Spain’s Repsol, was granted authorization to export up to 8.86 bcm of gas per year for the period of 25 years.
The company has also been authorized to import maximum of 8.86 bcm per year of gas for a period of 25 years. Natural gas will be imported at the point where the Maritimes & Northeast Pipeline crosses the Canada-United States border near St. Stephen, New Brunswick, NEB said.
The facility with a production capacity of 5 mtpa of LNG would be built at the existing Canaport liquefied natural gas terminal. Repsol intends to export liquefied natural gas to Europe.
LNG World News Staff; Image: Canaport