By OGJ editors
HOUSTON, June 28 -- The Quebec government approved a proposal to construct the Cacouna Energy LNG project, a joint project of Petro-Canada and TransCanada Corp.
An LNG receiving, storing, and regasifying terminal is to be built at the existing harbor at Gros Cacouna, Quebec—about 15 km northeast of Rivière-du-Loup (OGJ, Sept. 13, 2004, Newsletter). Terminal plans call for an average send-out capacity of 500 MMcfd/year of natural gas. Canada's Environmental Assessment Joint Review Panel also approved the proposed project.
The partners will share the $660 million construction costs equally. TransCanada will operate the facility, and Petro-Canada will supply the LNG. The terminal could be in service by yearend 2010, the partners said.
