Quebec LNG Export Project Revival

cancelled

A liquefied natural gas export project in Quebec's Saguenay region that was previously cancelled due to environmental risks and public opposition is being reconsidered. The project involves transporting natural gas from Western Canada to an export terminal in Quebec. However, a report by Investors for Paris Compliance highlights that reviving this project would be costly, likely unprofitable, and could require significant public investment, with inflation potentially increasing the cost to over $33 billion. The project faces economic challenges due to reduced demand for LNG in Europe and competition in Asian markets.