Decision Not Expected This Year On New Plant In City

A decision is not expected until sometime next year from Repsol on whether it will proceed with building a $2 billion plant at Canaport L-N-G to export natural gas to Europe. 

Bloomberg News is reporting Repsol, which is the largest energy company in Spain, is at least giving consideration to the possibility because of unease in Europe over its dependence on Russian natural gas after the upheavel and violence in the Ukraine. 

Premier David Alward has told CHSJ News when he met with more than 20 ambassadors from the European Union, they were primarily asking him about exporting energy from Saint John.

Canaport LNG has reportedly been underutilised as a facility to import liquified natural gas.