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Monday, August 13, 2012

No Worries About Canaport's Future

Business as usual........That's how John Herron, the President of the Atlantica Centre for Energy sees the future of Canaport LNG. 

Questions were naturally raised after confirmation Repsol was willing to sell its stake along with liquified natural gas assets elsewhere to prop up its bottom line.  

Herron tells CHSJ News Repsol was hit hard by the nationalisation of one of the company's principal holdings in Argentina but, as far as he's aware, no decision has been made. 

He says Canaport LNG will continue to be a potential supplier to both Atlantic Canada and the northeastern U.S.