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Thursday, January 12, 2012

Layoffs Not Expected At Canaport LNG Despite Sluggish Natural Gas Industry

The amount of liquefied natural gas going through the Canaport LNG terminal this year will match or be slightly below 2011 levels.

General Manager of Canaport LNG Adolfo Azcárraga says the terminal will operate at about 40 percent capacity but employment levels will not be affected.  He says most receiving terminals operate at about 60 percent capacity.

Meanwhile, the Director of LNG North America for Repsol Phillip Ribbeck says demand for natural gas has been low recently due to the warm weather and high supplies.

He says his company is focused on making money over time and in any scenario.

About 100 people work at Canaport LNG.