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 considered for revival. 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 the project would be costly, likely unprofitable, and could require significant public investment. The report also notes economic challenges such as reduced demand for LNG in Europe and competition in Asian markets, as well as inflation potentially increasing the project cost to over $33 billion.