Repsol Energy North America Corporation
Canaport LNG Undergoing Terminal Maintenance The Unlawful Expropriation of YPF Does Not Affect Repsol's Growth Capacity Outside Argentina

April 17, 2012:

Yesterday, the Argentinian Government announced the start of a process of parliamentary approval in Argentina of a law for a change in control in YPF, by which 51% of YPF S.A.’s Class D shares, all of them owned by Repsol, are declared of public interest and subject to expropriation. Also yesterday, a Decree (Decreto de Necesidad y Urgencia) was approved by the Argentinian Government with immediate effect, establishing the administration of YPF, S.A. for a 30-day period and appointing a Minister of the Government as Controller with all the powers of the Board of Directors.
Canaport LNG Facility
Starts BOG Project Work

April 30, 2012:

St. John, New Brunswick-

During the month of May, Canaport LNG will begin work related to the upgrade of the BOG compression system project announced earlier this year. This work will take place during a temporary suspension of Terminal operations.
As a result of the suspension of Terminal operations, Canaport LNG will experience intermittent flaring which will be visible from some areas around the Terminal over the next month. Flaring is part of the standard procedure at LNG terminals to maintain normal operating pressure by burning off excess natural gas..
Canaport LNG First to Host the Q-Flex on the Eastern Seaboard

Saint John, New Brunswick – Travelling 22 days and 15,000 kilometres from Ras Laffan Industrial City in Qatar, the Q-Flex MV Mesaimeer, one of the largest and most advanced vessels of its kind – arrived at the Saint John Port on December 1, 2009 to deliver 4.6 bcf of Liquified Natural Gas (LNG) to Canaport LNG.

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Natural Gas...An Essential Part of America's Energy Mix

Natural gas supplies nearly one-fourth (24 percent) of all of the energy used in the United States. In 2008, the U.S. consumed 23.2 trillion cubic feet (Tcf) of natural gas.

Due to its efficiency, cleanliness and reliability, natural gas is growing increasingly popular. Consumption of natural gas will increase 20 percent by 2030, according to the U.S. Department of Energy (DOE).

More about natural gas
Repsol Contracts Firm Capacity on Maritimes and Northeast Pipeline

Besides contracting 100% of the capacity in the Canaport™ LNG facility, Repsol has contracted 100% of the firm capacity of Brunswick Pipeline, which connects Canaport LNG facility to Maritimes & Northeast Pipeline.

More about the Pipeline
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