Repsol Said to Seek $2 Bln LNG Plant Amid Ukraine Crisis
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Repsol SA 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.