Americas News
Gaz Métro to Triple LNG Capacity to Help Supply Marine Sectors
Canadian natural gas company Gaz Métro says it will triple its liquefaction capacity in eastern Montreal to provide liquefied natural gas (LNG) for the marine sector and other industries through a CAD118 million ($105 million) upgrade.
The plant upgrade is part of a partnership with the government of Québec designed to supply natural gas to remote regions, as well as road and marine sectors.
"This partnership constitutes an important milestone in the Plan Nord by providing an additional development tool to businesses and the regions," said Gaz Métro President and CEO Sophie Brochu.
"Liquefied natural gas 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."
The Québec government will have a CAD50 million ($45 million) stake in Gaz Métro's LNG marketing subsidiary, Gaz Métro LNG.
Work on the project will start in May 2015 and conclude in June 2016.
The Société des traversiers du Québec will use Gaz Métro LNG to power three new ferries, and freight transporter Groupe Desgagnés will also use the fuel starting in 2016.
