Gaz Métro, Fluxys to expand LNG transportation markets

Gaz Métro and Fluxys have entered into a collaboration agreement to combine their expertise and stimulate the LNG and CNG markets for industry and the transportation sector.

The agreement will pave the way for an exchange of information and expertise related to LNG and CNG, particularly on the technical, commercial, contractual, regulatory, fiscal and administrative fronts. The two parties, which indirectly share a major shareholder in the Caisse de dépôt et placement du Québec, have also agreed to explore co-investment opportunities.

Comments

Jacques Daoust, Québec Minister of the Economy, Innovation and Exports

"Our government recently took an equity stake in Gaz Métro LNG, with a view to making a large quantity of liquefied natural gas available to Québec businesses by 2016. With today's announcement, Québec is positioning itself as a destination of choice for investors seeking to capitalize on the development opportunities provided by the Plan Nord and Maritime Strategy."

Sophie Brochu, President and CEO of Gaz Métro

“We are proud to have extraordinary partners that are all working to reduce our environmental footprint while promoting economic development in outlying regions. At Gaz Métro, we believe that natural gas is an integral part of the solution, and we are working hard to carry out promising projects that guarantee real results for Québec and abroad."

Walter Peeraer, Managing Director of Fluxys

“In Europe, natural gas is a sustainable alternative to traditional fuels for cars, trucks and ships, and the market holds significant growth potential. For Fluxys, Gaz Métro is the ideal partner for sharing know-how and expertise on putting in place the refuelling infrastructure required to give this new market a real boost."

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/small-scale-lng/12122014/gaz-metro-fluxys-in-lng-collaboration-1954/