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.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs