The National Energy Board (NEB) on Thursday approved an application by Repsol Energy Canada Ltd. (Repsol) for a long-term license authorizing the importation of liquefied natural gas (LNG) into Canada, and a separate license to export regasified LNG from Canada to the United States.

In its application, Repsol stated that the LNG will supply the Canaport LNG Terminal at Mispec Point, near Saint John, New Brunswick. After it is transformed back into gas, the natural gas will serve the domestic Canadian market and also be available for export to markets in the United States through the Emera Brunswick Pipeline.

After applying a market-based approach, the NEB was satisfied that the proposed import of LNG at the Canaport LNG Terminal is in the Canadian public interest. The NEB concluded that the volumes to be imported should be a useful addition to the supply of natural gas in North America, supplementing the supply available to Canadians to meet their energy needs. The NEB was also satisfied that Repsol will make the imported LNG available to Canadian buyers with the same financial terms and prices that will be given to export customers.

The NEB applied the Market-Based Procedure and granted the export license that allows the regasified imported LNG to be exported to the United States.

However, the NEB denied Repsol's request to export Canadian-sourced natural gas as part of the export license. Repsol's application did not contain sufficient information to meet the requirements of the Market-Based Procedure.

The NEB is an independent federal agency that regulates several parts of Canada's energy industry. Its purpose is to promote safety and security, environmental protection, and efficient energy infrastructure and markets in the Canadian public interest, within the mandate set by Parliament in the regulation of pipelines, energy development and trade.

Related Project

Canaport LNG
Facility Type:	LNG	Owner:	Canaport LNG (Repsol YPF; Irving Oil)
Scope:	New Construction	Location:	Saint John  Canada