WHO WE ARE IN OUR COMMUNITY SUSTAINABILITY OPERATIONS NEWSROOM CONTACT US 2021-11-15 Repsol completes acquisition of LNG terminal November 15, 2021 Repsol has completed the acquisition of 100% ownership of the Canaport LNG terminal, which it has operated since the facility opened in 2009. The terminal will be renamed Saint John LNG to mark the transition to new ownership, which aims to continue serving Repsol´s customers in Atlantic Canada and the US Northeast while looking at future developments aligned with its strategy to achieve zero net emissions by 2050. As sole owner of Saint John LNG, Repsol gains flexibility and control of the operations to optimize the efficiency and value of the facility. It also positions Repsol to explore new opportunities such as compressed natural gas, biogas and LNG bunkering. SAINT JOHN, NB – Repsol has completed the acquisition of 100% ownership of the Canaport LNG terminal, which it has operated since the facility opened in 2009. The terminal will be renamed Saint John LNG to mark the transition to new ownership, which aims to continue serving Repsol´s customers in Atlantic Canada and the US Northeast while looking at future developments aligned with its strategy to achieve zero net emissions by 2050. As sole owner of Saint John LNG, Repsol gains flexibility and control of the operations to optimize the efficiency and value of the facility. It also positions Repsol to explore new opportunities to helpmeet market demand and to support the energy transition. “Repsol has been operating the LNG terminal since it opened more than a decade ago, and we’re extremely proud of our legacy as a responsible operator and a good neighbor,” said Saint John LNG Manager Courtney Jones. “We’re honored to be part of the community here in Saint John ,and we look forward to continuing to play an important role in the region.” Saint John LNG is a key supplier of safe and reliable natural gas for power generation in the US Northeast and a strong contributor to local economic development in the Maritimes. The facility directly provides more than 100 jobs for employees and contractors in Saint John and has invested more than $5 million in the community since 2009. Additionally, the existing infrastructure and experienced workforce offers a competitive advantage for potential future projects such as compressed natural gas, biogas and LNG bunkering. Following the transaction, operations at the terminal are continuing as normal. Over the past number of months, Repsol and Irving Oil have been working together to finalize this transaction. Repsol extends its best wishes to Irving Oil for success in the future. Confidentiality provisions prevent Repsol from commenting on the details of the transaction. About Repsol Repsol is a global multi-energy company that is leading the energy transition with its ambition of achieving zero net emissions by 2050. Present throughout the energy value chain, the company employs 24,000 people worldwide and distributes its products in nearly 100 countries to around24 million customers. To achieve zero net emissions by 2050, Repsol is deploying an integrated model of decarbonization technologies based on enhanced efficiency, increased renewable power generation capacity, production of low-carbon fuels, development of new customer solutions, the circular economy, and by driving breakthrough projects to reduce the industry's carbon footprint. In addition to its Saint John LNG terminal, Repsol is a key player in the natural gas market in Canada through its natural gas trading and marketing activities. The company is well positioned to serve customers at major natural gas hubs throughout Canada from AECO across Eastern Canada and into Maritimes Canada. It offers a full range of natural gas trading and origination services, including baseload gas purchases, baseload gas sales, structured and daily natural gas transactions, seasonal and peaking gas supply services, daily natural gas trading and asset management. Media contact Mike Blackier Phone: (506) 638-1303 Email: michael.blackier@repsol.com ARCHIVES November 2021 July 2019 April 2019 March 2019 January 2019 October 2018 November 2015 January 2014 October 2013 October 2012 September 2012 July 2012 April 2012 February 2012 January 2012 December 2011 October 2011 March 2011 November 2010 October 2010 July 2010 April 2010 February 2010 January 2010 December 2009 June 2009 May 2009 February 2009 December 2008 November 2008 February 2008 December 2007 October 2007 September 2007 March 2007 February 2007 October 2006 August 2006 July 2006 May 2006 September 2005 June 2005 September 2004 August 2004 March 2004 July 2001 PO Box 2029, 2530 Red Head Road Saint John, NB CANADA E2L 3T5 T: +1 506 638 1311 F: +1 506 638 1335