Seeking Alpha

Repsol reportedly seeking $2B LNG plant in Canada amid Ukraine crisis

  • Repsol (REPYY, REPYF) is considering building a $2B plant on Canada’s Atlantic coast to export natural gas, as Europe seeks to reduce its dependence on Russia for the fuel, Bloomberg reports.
  • Repsol would erect the facility at its existing Canaport LNG plant, which was designed to import liquefied natural gas and is underused.
  • The crisis in Ukraine may help Repsol justify investing more in a disappointing project that has already undergone a $1.3B writedown.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio: