The initiative, announced by Sophie Brochu, President and CEO of Gaz Métro; Philippe Couillard, Premier of Québec; Pierre Arcand, Minister of Energy and Natural Resources and Minister responsible for the Plan Nord; and Jean D’Amour, Minister for Transport and the Implementation of the Maritime Strategy, is expected to increase the natural gas liquefaction capacity at the Gaz Métro plant in eastern Montréal.
“This partnership constitutes an important milestone in the Plan Nord by providing an additional development tool to businesses and the regions. LNG will also be used as an alternate, greener fuel source for road and marine transportation, which is closely tied to the government’s objectives in its Maritime Strategy and plan to fight against climate change,” stated Brochu.
Estimated to cost $118 million, the project will help, in part, to meet the growing demand for liquefied natural gas by tripling output capacity at Gaz Metro’s plant. The work will start in May 2015 and continue until June 2016, making LNG available to customers as of summer of 2016. Through Investissement Québec, the Gouvernement du Québec will have a $50 million stake in the Gaz Métro subsidiary responsible for marketing LNG (Gaz Métro LNG).
Discussions are underway with several potential customers, some of whom have already confirmed that they plan to acquire liquefied natural gas from Gaz Métro LNG. In the road transport sector, Transport Robert has played a pioneering role, with a large fleet of vehicles already running on natural gas. As for maritime transport, the Société des traversiers du Québec will use LNG for its three new ships starting in 2015. In addition, Groupe Desgagnés recently ordered two of a series of ships.
Source: Gaz Métro