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ARTICLE · 06 OCTOBER 2014

Québec Government And Gaz Métro Partner For LNG

McCarthy Tétrault
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These funds will enable Gaz Métro LNG to increase its LNG offer through the addition of an LNG train to its eastern Montreal plant.

CanadaEnergy and Natural Resources
Louis-Nicolas Boulanger
Louis-Nicolas Boulanger
Franck Ngandui (Articling Student)
Franck Ngandui (Articling Student)
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On September 30, 2014, Québec Premier Philippe Couillard, jointly with the Minister of Energy and Natural Resources and the Minister Responsible for the Northern Plan, Mr. Pierre Arcand, the Minister for Transport and the Implementation of the Maritime Strategy, Mr. Jean d'Amour, and Mrs. Sophie Brochu, President and CEO of Gaz Métro, the principal distributor of natural gas in Québec, announced an investment by Investissment Québec of $50M in the share capital of the Gaz Métro subsidiary responsible for marketing liquefied natural gas ("LNG"), Gaz Métro LNG. According to the media, this investment represents a 42% stake in Gaz Métro LNG.

These funds will enable Gaz Métro LNG to increase its LNG offer through the addition of an LNG train to its eastern Montreal plant.

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