Canadian energy company, Irving Oil, has sold its 25% ownership interest in Canaport LNG to Repsol.
This transaction gives Repsol full ownership of Canada’s first LNG receiving and regasification terminal, which is located at Saint John (NB).
Irving Oil said that during the past number of months, all of the parties involved have been working together to finalise the deal.
The company added that confidentiality provisions prohibit it from commenting further.
