Canatxx appoints BNP
US developer Canatxx has appointed BNP Paribas to seek investors for up to 50% of its LNG regas and gas storage projects. The company has planning permission for a 12bcf regas terminal at Anglesey and has plans for a 2m tonnes gas storage project at Preesall salt mine in northwest England. The gas storage project was turned down by planners in late 2007 but the company is to resubmit its application. Canatxx has been working with Mulberry Capital, headed by Graeme Thorn, who use to work for Sanwa.
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