$1 billion natural gas terminal coming to Quebec (August 01, 2007)
GROS CACOUNA, Quebec – TransCanada and Petro-Canada, both headquartered in Alberta, have partnered to create the Cacouna Energy Project, the first liquefied natural gas (LNG) re-gasification terminal in Quebec. The $1 billion terminal will be located in Gros Cacouna, approximately 200 kilometres east of Quebec City.
Approval for this project was granted in late June after three years of consultation with the local community and government authorities. The terminal, which will serve Quebec, Ontario and the north eastern Unites States, is expected to create 500 permanent jobs.
The Cacouna Energy LNG terminal will be capable of receiving, storing and re-gasifying imported LNG, with an average annual send-out capacity of approximately 500 million cubic feet of natural gas per day. Construction is expected to take two years.