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| Benjamin Palomo, Executive Director of Repsol’s LNG Division Speaks at Canaport News Conference June 18, 2009: New York, NY- “We’re excited and proud to see the Canaport terminal come online as part of our commitment to supply the northeast region of North America,” said Benjamin Palomo, Executive Director of Repsol’s LNG Division. “Canaport secures our position as a major gas supplier to this growing market.” Regasified LNG from the Canaport LNG Terminal will flow through the Brunswick Pipeline, a 90-mile pipeline connecting the terminal to the existing Maritimes & Northeast Pipeline (M&NP) at the Canada/USA border. Repsol has contracted all of the firm capacity in the Brunswick Pipeline. The Canaport LNG Terminal is one of Repsol’s 10 key growth projects outlined in its 2008-2012 Strategic Plan. Repsol is also participating in the construction of an LNG liquefaction plant in Peru, wherefrom the company will purchase 100% of the LNG produced beginning in 2010. Repsol (http://repsol.com/es_en/) is Spain’s largest oil company, and the sixth largest in Europe. Repsol is present in more than 30 countries where it has interests from exploration and production through shipping, refining, LNG, LPG and retail sales. |
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