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Development of Canaport LNG is well under way in Saint John. We received final approval from all of our sponsors and all permits necessary for construction. We broke ground for the project in late 2005. Onshore and offshore contracts have been awarded and construction activities have begun. Canaport LNG offices are staffed and open. We look forward to the completion of this project and to being fully operational by December 2008.
Canaport LNG Project Milestones
July
25, 2001 |
Irving Oil applies
for permit to add LNG and storage capability to
its deepwater oil terminal, Irving Canaport |
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March
25, 2004 |
Irving Oil submits
Environmental Impact Statement for LNG facility |
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August
6, 2004 |
Irving Oil first
on East Coast to receive permit for LNG receiving
terminal |
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September
24, 2004 |
Irving Oil and Repsol
partner to develop LNG terminal at Irving Canaport |
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June
7, 2005 |
Irving Oil and Repsol
YPF sign definitive agreements on Canaport LNG
Project |
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September
12, 2005 |
Canaport LNG begins
construction on LNG regassification terminal |
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May
17, 2006 |
EPC Contracts (Engineer,
Procure, Construct) Awarded and Pipeline Agreements
Reached |
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July
31, 2006 |
OPRON, Inc. Wins
Bid to Construct LNG Tanks at Canaport LNG |
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August
28, 2006 |
BMO Financial Group
Cites Canaport LNG Project as an important contributor
to expected economic gain in New Brunswick |
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October
30, 2006 |
Saint John-based
Lorneville Mechanical Contractors Awarded Contract
to Construct Steel Interior of Canaport LNG Tanks |
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December 17, 2006 |
Project Financing secured
for Canaport LNG. |
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March
7, 2007 |
Canaport LNG Awarded Project Finance
Magazine’s Deal of the Year for North American
Midstream Oil & Gas |
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