Gazoduq project linked to Québec LNG plant now shows signs of life

Tuesday, 16 March 2021
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The Canadian Gazoduq project as well as Energie Saguenay, the natural gas liquefaction plant proposed by GNL Québec, have received investments from business people and entrepreneurs in the French-speaking province as a demonstration of confidence.

The Gazoduq project to provide LNG feed gas by pipeline said the investments had come from the Saguenay-Lac-Saint-Jean and Abitibi-Témiscamingue regions of Québec.

The Gazoduq team said it saluted the investment decisions by these entrepreneurs.

“This is a strong symbolic gesture, which concretely demonstrates the support of business people in these two regions for major infrastructure projects like ours,” said the development company.

“It is also an important positive signal that is being sent to major national and international investors,” it added.

“Our project, like Énergie Saguenay, rests on solid fundamentals, attracting credible regional leaders who have a real and concrete interest in seeing these projects come to fruition in their region,” stated Gazoduq.

Gazoduq latest investment adds to the C$2M in financial support that the company recently obtained from Emissions Reduction Alberta (ERA).

In addition, the limited partnership sponsoring the Gazoduq and GNL Québec projects have changed their name to the Symbio Infrastructure Limited Partnership.

“The name change was made in early February to ease the confusion that persisted between the GNL Québec Limited Partnership and GNL Québec Inc., which is based in the Saguenay region,” added Gazoduq.

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