Canaport LNG Developers Explore Financing Options

Ocean Resources reports that Repsol YPF and Irving Oil, the developers behind the proposed 1Bcf/d Canaport LNG facility in New Brunswick, are exploring potential financing options for the project. Representatives from Repsol have said that financing efforts will not impact construction on the terminal, which is expected to start this spring. Operation is scheduled to begin in 2008.

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