Both companies have entered into a collaboration agreement that will pave the way for an exchange of information and expertise related to LNG and CNG for industry and transportation sectors, particularly on the technical, commercial, contractual, regulatory, fiscal and administrative fronts. The two parties, which indirectly share a major shareholder in the Caisse de dépôt et placement du Québec, have also agreed to explore co-investment opportunities as interesting projects take shape.
Faced with environmental challenges, Québec and the European Union have set ambitious goals for cutting greenhouse gas emissions. Natural gas provides concrete solutions to those challenges as it has direct benefits for air quality and health. In light of its many advantages, natural gas and the associated infrastructure will continue to play a central role in the sustainable energy mix of the future; it is with that in mind this agreement has been entered into.
“We are proud to have extraordinary partners that are all working to reduce our environmental footprint while promoting economic development in outlying regions. At Gaz Métro, we believe that natural gas is an integral part of the solution, and we are working hard to carry out promising projects that guarantee real results for Québec and abroad,” said Sophie Brochu, President and CEO of Gaz Métro.
Walter Peeraer, Managing Director of Fluxys, also commented: “In Europe, natural gas is a sustainable alternative to traditional fuels for cars, trucks and ships, and the market holds significant growth potential. For Fluxys, Gaz Métro is the ideal partner for sharing know-how and expertise on putting in place the refueling infrastructure required to give this new market a real boost.”
Source: Gaz Métro/Fluxys