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Spain’s Repsol could opt to sell its 75% stake in the Canaport LNG terminal in Saint John, NB, as part of a plan to refocus operations and streamline its balance sheet, the company confirmed.

Shares of Corridor Resources Inc. took a pounding on Wednesday after the company announced it has so far been unsuccessful in finding a joint venture (JV) partner to help develop its prospect in the emerging Frederick Brook Shale.

Repsol and Qatargas have signed a multiyear agreement for Qatargas to supply liquefied natural gas (LNG) to Repsol Energy Canada Ltd. at the Canaport LNG facility in Saint John, NB. Qatargas will deliver LNG to Canaport LNG using both Q-Flex and Q-Max ships, which are the largest LNG tankers in the world with capacity to carry the equivalent of approximately 5.6 and 4.6 Bcf, respectively.

Repsol recently received its first shipment of liquefied natural gas (LNG) from Qatargas under a multi-year agreement at the Canaport LNG terminal in Saint John, NB. The nearly 6 trillion Btu cargo arrived on a Q-Max LNG tanker, the largest LNG tanker in the world. Under the supply agreement Qatargas is to deliver LNG to Canaport using both Q-Flex and Q-Max ships, which have capacity to carry the equivalent of approximately 5.6 and 4.6 Bcf, respectively. The arrival of the Q-Max marked the berthing of Canaport LNG’s 37th ship, including three Q-Flexes, received at the terminal since its commissioning in June, 2009, Repsol said. The terminal has received LNG from Trinidad and Tobago, Egypt, Norway, Peru and Qatar.

Repsol on Thursday received its first shipment of liquefied natural gas (LNG) from Qatargas under a multi-year agreement at the Canaport LNG terminal in Saint John, NB. The nearly 6 trillion Btu cargo arrived on a Q-Max LNG tanker, the largest LNG tanker in the world.

Repsol and Qatargas have signed a multiyear agreement for Qatargas to supply liquefied natural gas (LNG) to Repsol Energy Canada Ltd. at the Canaport LNG facility in Saint John, NB.

Maritimes & Northeast Pipeline has begun receipt and redelivery of gas from the Canaport liquefied natural gas (LNG) terminal in Saint John, NB, the pipeline said. In January Maritimes placed into service its Phase IV Expansion to facilitate delivery of gas from Canaport to markets in Maine, New Hampshire, Massachusetts and Atlantic Canada (see Daily GPI, Jan. 6). The project doubled Maritimes’ U.S. year-round firm mainline capacity from approximately 400 MMcf/d to approximately 800 MMcf/d. “The addition of imported LNG realizes another milestone in the history of Maritimes and our efforts to add incremental supplies from diverse sources to ensure our markets have access to ample natural gas,” said Maritimes President Tina Faraca. The Phase IV Expansion has allowed Maritimes to reduce its mainline recourse rates. The pipeline has filed a rate application with the Federal Energy Regulatory Commission requesting an effective date of Aug. 1 for the reduction to its recourse rate. Maritimes is owned by affiliates of Spectra Energy (77.53%), Emera Inc. (12.92%) and Exxon Mobil Corp. (9.55%).