Quebec LNG Export Project Revival

cancelled (previously), potential revival under consideration

A proposed liquefied natural gas (LNG) export project in Quebec's Saguenay region, which was previously cancelled in 2021 due to environmental risks and public opposition, is under consideration for revival. The project involves transporting natural gas from Western Canada to an export terminal in Quebec. However, a recent report by Investors for Paris Compliance casts doubt on the project's profitability and feasibility, citing high costs, inflation, and declining demand for LNG in Europe and Asia. The project is expected to require significant public investment and faces economic and environmental challenges.