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Home > News Releases > News Releases 2008 > National Energy Board approves most elements of Repsol application for licences to import liquid natural gas and export natural gas

National Energy Board approves most elements of Repsol application for licences to import liquid natural gas and export natural gas

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News Release

08/31
For release at 2:30 p.m. (MDT)
4 September 2008

National Energy Board approves most elements of Repsol application for licences to import liquid natural gas and export natural gas

CALGARY - The National Energy Board (NEB) today approved an application by Repsol Energy Canada Ltd. (Repsol) for a long-term licence authorizing the importation of liquefied natural gas (LNG) into Canada, and a separate licence to export regasified LNG from Canada to the United States.

In its application, Repsol stated that the LNG will supply the CanaportTM LNG Terminal at Mispec Point, near Saint John, New Brunswick. After it is transformed back into gas, the natural gas will serve the domestic Canadian market and also be available for export to markets in the United States through the Emera Brunswick Pipeline.

After applying a market-based approach, the NEB was satisfied that the proposed import of LNG at the CanaportTM LNG Terminal is in the Canadian public interest. The NEB concluded that the volumes to be imported should be a useful addition to the supply of natural gas in North America, supplementing the supply available to Canadians to meet their energy needs. The NEB was also satisfied that Repsol will make the imported LNG available to Canadian buyers with the same financial terms and prices that will be given to export customers.

The NEB applied the Market-Based Procedure and granted the export licence that allows the regasified imported LNG to be exported to the United States.

However, the NEB denied Repsol's request to export Canadian-sourced natural gas as part of the export licence. Repsol's application did not contain sufficient information to meet the requirements of the Market-Based Procedure.

The NEB is an independent federal agency that regulates several parts of Canada's energy industry. Its purpose is to promote safety and security, environmental protection, and efficient energy infrastructure and markets in the Canadian public interest, within the mandate set by Parliament in the regulation of pipelines, energy development and trade.

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For further information:

Carole Léger-Kubeczek
Communications Officer
National Energy Board
E-mail: carole.leger-kubeczek@neb-one.gc.ca
Telephone: 403-299-2717
Telephone (toll free): 1-800-899-1265
Telecopier: 403-292-5503
Telecopier (toll free): 1-877-288-8803
TTY (Teletype): 1-800-632-1663

Related documents:

  • Reasons for Decision GH-1-2008 [Filing A19709]
  • All Regulatory Documents under: Exports & Imports, Gas, Repsol Energy Canada Ltd, 2007-12-27 Application for Long-term Licenses to Import and Export Liquefied Natural Gas - GH-1-2008) [Folder 494552]

For a copy of documents:

National Energy Board
Ground Floor
444 Seventh Avenue SW
Calgary, Alberta
T2P 0X8
E-mail: library@neb-one.gc.ca
Telephone: 403-299-3561
Telephone (toll free): 1-800-899-1265
Telecopier: 403-292-5576
Telecopier (toll free): 1-877-288-8803
TTY (teletype): 1-800-632-1663

 

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Date Modified:
2011-10-28