TUGLIQ Energy and Pétrolia have joined forces to create an LNG supply chain for Quebec’s North Shore.
TUGLIQ Energy has committed to distribute the gas produced by Pétrolia from its Bourque permits in Gaspé. The gas will be delivered to the North Shore by a seaway network.
The 15-year agreement gives Pétrolia the potential to develop the Bourque project in Gaspé. Located between Murdochville and Grande-Vallée, the project has the support of the local authorities in Gaspé. The next stage in developing the Bourque project involves production tests and the drilling of a third well. Tugliq will participate in the financing of this future work.
Tugliq proposes to use a liquefaction barge moored in Gaspé. The unit will supply small-sized transport barges with delivery to the consumer to minimise the need for storage on land. Ultimately, this agreement will provide TUGLIQ with the raw material it needs to supply its industrial clients on the North Shore and in Northern Quebec.
"Thanks to our coordinated efforts with an impressive array of partners, the North Shore is closer than ever to achieving its goal of obtaining a natural gas supply that delivers it from its dependency on diesel fuel. For the industrial clients on the North Shore and those wishing to join the Plan Nord's development, this partnership between TUGLIQ and Pétrolia represents an extraordinary opportunity," said TUGLIQ Executive Vice-President Laurent Abbatiello.
"We know that there is work ahead, but thanks to the contribution of all parties and by following a strict timeline we are well-positioned to implement this agreement. I am elated to see Gaspé's hydrocarbons contribute to the North Shore's mining development, and vice-versa. An energy link between the south and north of the Saint Lawrence will drive Gaspé's economic diversification while providing a stable, safe supply to the North Shore industries at predictable prices," added Pétrolia President and CEO Alexandre Gagnon.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19112014/lng-partnership-to-supply-gas-to-quebec-1820/