Piping is seen on the top of a receiving platform which will be connected to the Coastal GasLink natural gas pipeline terminus at the LNG Canada export terminal under construction, in Kitimat, B.C., on Wednesday, Sept. 28, 2022. THE CANADIAN PRESS/Darryl Dyck
New report casts doubt on revival of Quebec LNG project
MONTREAL - A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable.
Piping is seen on the top of a receiving platform which will be connected to the Coastal GasLink natural gas pipeline terminus at the LNG Canada export terminal under construction, in Kitimat, B.C., on Wednesday, Sept. 28, 2022. THE CANADIAN PRESS/Darryl Dyck
MONTREAL - A shareholder advocacy group says reviving a liquefied natural gas export project in Quebec’s Saguenay region would be costly and likely unprofitable.
Investors for Paris Compliance says demand for LNG in Europe dropped by 18 per cent between 2022 and 2024, and Canadian exports would have a hard time competing in Asian markets.
A report published this morning says gas production is expected to grow by 40 per cent from 2024 to 2028, driven by projects in the United States and Qatar, and demand is not expected to keep pace.
ARTICLE CONTINUES BELOW
A project to transport natural gas from Western Canada to an export terminal in Quebec was cancelled in 2021 due to environmental risks and public opposition, but Quebec Premier François Legault has recently opened the door to pipeline development in the province.
However, the advocacy group says inflation could balloon the project’s price tag to more than $33 billion, and public money would likely be required.
The group says there are better ways to stimulate the Canadian economy, including integrating provincial electricity grids and mining critical minerals.
This report by The Canadian Press was first published May 22, 2025.
Conversations are opinions of our readers and are subject to the Community Guidelines. º£½ÇÉçÇø¹ÙÍøStar does not endorse these opinions.
Sign in or register for free to join the Conversation
FIRST UP
Get our free morning newsletter
Error! There was an error processing your request.
There was a problem with the recaptcha. Please try again.
You may unsubscribe at any time. By signing up, you agree to our and . This site is protected by reCAPTCHA and the Google and apply.
FIRST UP
You're signed up! You'll start getting First Up in your inbox soon.
Want more of the latest from the Star? Sign up for more at our newsletter page.
You may unsubscribe at any time. By signing up, you agree to our and . This site is protected by reCAPTCHA and the Google and apply.
EMAIL NEWS ALERTS
When big news breaks, don’t miss it with our free alerts
Error! There was an error processing your request.
There was a problem with the recaptcha. Please try again.
You may unsubscribe at any time. By signing up, you agree to our and . This site is protected by reCAPTCHA and the Google and apply.
EMAIL NEWS ALERTS
You're signed up! You'll start getting news alerts in your inbox soon.
Want more of the latest from the Star? Sign up for more at our newsletter page.
You may unsubscribe at any time. By signing up, you agree to our and . This site is protected by reCAPTCHA and the Google and apply.
Camp is a place where unexpected fun leads to unleashed potential.
With your support, The º£½ÇÉçÇø¹ÙÍøStar Fresh Air Fund provides opportunities for financially vulnerable children to ignite a lifelong love for adventure at camp. Above all, your kindness makes it happen.
To join the conversation set a first and last name in your user profile.
Sign in or register for free to join the Conversation