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Two Key Milestones Achieved to Propel Canaport
LNG Forward
EPC Contracts Awarded With Final Notice to Proceed Issued, and Pipeline Agreements Reached
Saint John, NB - Canaport LNG, the partnership
between Repsol YPF and Irving Oil, today announced that
it has awarded the on-shore and off-shore Engineering,
Procurement, and Construction (EPC) contracts to construct
the first new liquefied natural gas (LNG) receiving terminal
on the East Coast of North America in decades. At the same
time, Canaport LNG issued the final
notice to proceed to its contractors to ensure commencement
of operations by the end of 2008. Also, Repsol YPF completed
its agreements to transport natural gas from theCanaport
LNG Terminal to markets in Canada and the Northeast U.S.
via the Brunswick pipeline and an expansion of the Maritimes & Northeast
Pipeline system in the U.S.
SNC-CENMC, G.P., a partnership between SNC-Lavalin of Montreal, Quebec, and Saipem S.p.A. of Milan, Italy, was awarded the Engineering, Procurement, Construction (EPC) contract for onshore facilities and jetty topsides, providing full procurement and supervisory responsibilities for the onshore portion of the project.
Kiewit-Weeks-Sandwell Partnership, a consortium of Peter Kiewit Sons Co of St. John's, Newfoundland; Weeks Marine of Cranford, New Jersey; and Sandwell Engineering of Vancouver, British Columbia, was awarded the EPC contract for the terminal's offshore facilities, including the receiving pier.
Repsol YPF has appointed Jorge Ciacciarelli, formerly
responsible for South American operations for Repsol, as
General Manager of Canaport LNG.
"We value highly the support and efforts of the local,
provincial and federal governments in approving the construction
of this very important project," says Ciacciarelli, "and
we look forward to working closely with the people of Saint
John and surrounding area to achieve this important economic
milestone not only for this city, but for Atlantic Canada.
We are also very proud to be associated with our chosen
group of EPC Contractors. They are some of the world's
finest, and we are pleased that they have chosen Saint
John and Canaport LNG for their next project,
as we undertake the construction of this world-class receiving
and regasification terminal that will help attract other
investment to this area, enhancing employment opportunities
through spin-off industries."
"The LNG market is very competitive, and we continue to believe that Saint John is the right location for a successful LNG project," says Murratte Graves, Project Director for Irving Oil. "With today's announcement, this project continues its momentum towards bringing LNG and an increasingly complex and attractive energy hub to Saint John. Our EPC contractors bring impressive track records and experience in LNG to this project. We are very pleased to be working with them."
"This is a landmark LNG facility for Canada and for New Brunswick," said Pierre Duhaime, Executive Vice-President, SNC-Lavalin Group Inc. "The SNC-Lavalin-CENMC partnership is pleased to contribute its recognized EPC expertise in the execution of this large project."
"The Kiewit-Weeks-Sandwell partnership is delighted
to have been selected to be a part of the new Canaport
LNG Terminal near Saint John, NB," said Rod Hogg,
Manager Business Development - Atlantic Region, Peter Kiewit
Sons Co. "The
partnership looks forward to working on this exciting new
project and to providing a world-class marine berthing
facility for LNG tankers to deliver their valuable cargos
to the North American market."
Site preparation, blasting, and leveling construction
work was completed earlier this spring at the Canaport
site. The Canaport LNG Terminal is scheduled
to begin operations in late 2008. At commissioning, the
terminal will have a send-out capacity of 1 billion cubic
feet of natural gas per day (1 BCF/D, or approximately
10 billion cubic meters annually (bcma)), with a peak capacity
of 1.2 BCF/D and will be expandable to 2 BCF/D when the
market is ready for additional natural gas supplies.
REPSOL YPF
Repsol YPF is an integrated, international oil and gas company based in Madrid, Spain. Operating or present in more than 25 countries, Repsol YPF is one of the world's ten largest oil companies, with a refining capacity of 1.2 million barrels a day. A leader in the global LNG field, Repsol YPF has projects underway in Canada, Algeria, Peru, the Middle East and Mexico, and significant LNG-related investments in Russia, and Trinidad & Tobago. The Stream joint venture between Repsol YPF and Gas Natural is ranked third in the global LNG trade in terms of signed LNG contracts, and the companies are leaders in the Atlantic Basin. Repsol YPF and Gas Natural currently have a fleet of 11 tankers, with two additional tankers signed to join the fleet in 2009, representing around 1.5 million cubic meters in total capacity. Repsol YPF places high values on safety and the environment, and technological innovation, and maintains a resolute commitment to the communities in which they do business. More can be learned at www.repsolypf.com.
IRVING OIL
Founded in 1924, Irving Oil is a privately owned regional
refining and marketing company with a history of long-term
relationships. Irving Oil's Saint John Refinery is Canada's
largest and recently reached production rates in excess
of 300,000 barrels per day. The Irving Oil Refinery is
predominantly an export refinery, and in 2005 accounted
for 64 per cent of Canada's total petroleum product exports
to the United States and 19 percent of total United States
gasoline imports. Irving Canaport was the Western Hemisphere's
first deepwater petroleum-receiving terminal and is situated
in the most densely industrialized region north of Boston.
Irving Canaport is situated 65 miles from the US
border and is closer to ports in Venezuela, Brazil, the
North Sea, and West Africa than Houston is. For more information
about Irving Oil, please visit www.irvingoil.com.
Canaport LNG
Canaport LNG Limited Partnershi[is a partnership between
Irving Oil Limited and Repsol YPF. Canaport LNG
is to begin operation as a world-class liquefied natural
gas receiving and regasification terminal in late 2008.
Situated at Saint John, New Brunswick, Canada, Canaport
LNG will have a send-out capacity of 1.2-billion cubic
feet of liquefied natural gas a day, destined for markets
in Canada and the northeastern United States. To learn
more, please visit www.canaportlng.com.
For a high resolution photo of the Canaport LNG site, click here.
Canaport
Locator Map
Canaport
LNGLP Community Benefits
Canaport
LNGLP Project Timeline
TO ARRANGE INTERVIEWS:
Carolyn Van der Veen
Canaport LNG
506-658-6250, ext. 7112
Robert Duncan
Repsol YPF
34-91-348-7272
roduncan@repsolypf.com
Jennifer Parker
Irving Oil Limited
506-202-2992
jennifer.parker@irvingoil.com
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