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FINANCIAL NEWS
Spain’s Repsol signs Qatari LNG deal
08 Oct 2010
(MENAFN) Qatargas said that it will start supplying liquefied natural gas (LNG) to Repsol’s Canaport terminal in Canada before the end of 2010, QNA reported.
The long-term supply deal with the world’s largest exporter of super-cooled gas is expected to help meet rising demand for in eastern Canada and north-eastern parts of the US and could limit the amount of Qatari LNG delivered to Europe.
Canaport is in New Brunswick province which borders the US state of Maine.
The Canaport deal could absorb some LNG that is expected to enter an already well supplied global market as big Qatari production facilities open in the next few months.
Qatargas will deliver the LNG using both Q-Flex and Q-Max ships which carry between 210,000 and 266,000 cubic metres of gas each.
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