Repsol’s effort to sell a liquefied natural gas business for ~$2.7B reportedly has bogged down over its commitments to ship gas into Canada, as the underutilized Canaport LNG import hub "has become a big white elephant for Repsol due to the North American gas-supply demand fundamentals.” A sale has been a centerpiece of Repsol’s divestment plan aimed at avoiding a debt-rating downgrade to junk.
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