This morning a question mark hangs over the future of the Canaport L-N-G terminal with word majority shareholder Repsol wants to sell its stake in the facility.
A Reuters report says the financially troubled Spanish based company is also selling liquefied natural gas assets in Peru and Trinidad and Tobago in a bid to boost finances and credit ratings.
Irving Oil owns a 25-percent stake in the terminal and so far has not responded to CHSJ News requests for a comment.
The pending sale could also mean problems for Emera which owns the 500-million dollar Brunswick Pipeline running between the terminal and Maine since Repsol is its only customer.
Canaport L-N-G Sale Looming
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