Federal Energy Minister Tim Hodgson said that a proposed Quebec LNG export facility near Baie-Comeau is not of “national interest” at this point, adding the Marinvest Energy Canada concept is “not yet at the scale” the federal government would consider.
The file centers on Marinvest Energy Canada, the Canadian arm of a Norwegian firm that has lobbied in recent months for a natural gas pipeline and LNG export plant in Quebec. Hodgson’s scale comment signals Ottawa’s current threshold for advancing projects under its new national interest framework, even as the proponent explores a pipeline-plus-terminal configuration at Baie-Comeau.
Hodgson made the remarks in Montréal alongside a $22 million federal investment to boost Canada’s battery production capacity.
Sponsored · Altamira Gold Corp.
A May briefing note from senior Natural Resources officials said the proposed facility had the potential to export “substantial volumes” of LNG to Europe.
Earlier this year, Canada just made its debut as an LNG-exporting nation when the Shell-led venture LNG Canada made its first cargo.
The timing intersects with Ottawa’s June passage of a law to accelerate approvals for major infrastructure and energy projects deemed in the national interest, intended to compress timelines once a project clears the threshold.
Information for this story was found via BOE Report and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
