Repsol Said to Seek $2 Bln LNG Plant Amid Ukraine Crisis - Bloomberg:
"Repsol SA (REP) is considering building a $2 billion plant on Canada’s Atlantic coast to export natural gas, as Europe seeks to reduce its dependence on Russia for the fuel, a person familiar with the matter said.
Spain’s biggest energy company would erect the facility at its existing Canaport LNG plant, which was designed to import liquefied natural gas and is underused. Repsol may include the export project when updating its strategic plan next year, according to the person, who asked not to be identified discussing a private matter.
The crisis in Ukraine 4,000 miles away may help Repsol justify investing more in a disappointing project that has already undergone a $1.3 billion writedown. The Group of Seven nations agreed to find new sources of energy to prevent Russia from using its oil and gas reserves as a “political weapon,” German Economy and Energy Minister Sigmar Gabriel said May 6."
'via Blog this'
No comments:
Post a Comment