Spanish energy major Repsol SA is the sole owner of Canada’s only liquefied natural gas (LNG) import terminal after it purchased Irving Oil Ltd.’s share in the project.

Repsol, which previously a  held 75% stake in the terminal, added Irving’s 25% interest in the disused Canaport LNG terminal at St. John, New Brunswick. The value of the transaction and future plans for the plant were not disclosed. St. John-headquartered Irving said details of the deal were shielded by a confidentiality agreement.

The terminal was intended to supply eastern U.S. and Canadian markets. However, Canaport LNG traffic peaked at about 324MMcf/d in 2011, fell by nearly 90% to 39 MMcf/d as of 2017 and has since dwindled, according to the Canadian Energy Regulator (CER).

Use of the terminal never reached its potential for 1.2 Bcf/d after low-cost onshore production erased the need for expensive LNG imports in the United States during Canaport’s construction 13 years ago, CER records showed.

Repsol shelved a plan to convert Canaport into an export terminal in 2016, It has disclosed no new intentions to revive the asset. New Brunswick gas consumers use imports from the United States and Western Canada via the Maritimes & Northeast Pipeline.