GNL Québec is back on the agenda for natural gas to Ukraine

GNL Québec is back on the agenda for natural gas to Ukraine

After the federal government refused to authorize it two months earlier, GNL Québec’s Énergie Saguenay project resurfaces: the company announces that it has reached an agreement to deliver liquefied natural gas (LNG) and liquid hydrogen from Québec to Ukraine.

The agreement was concluded between the Ukrainian public company Naftogaz and Symbio Infrastructure, the parent company of GNL Québec.

“We believe that the opportunities for long-term supplies of reliable, responsibly produced energy from allies like Canada – and Symbio facilities – by 2027 are critical to our energy security, transition, and sustainability. our future economic prosperity,” said Yuriy Vitrenko, CEO of Naftogaz Ukraine.

A controversial project

A few months earlier, the LNG Quebec project was making a lot of noise and had initially been refused by both the federal government and the provincial government. The “non-compliance with environmental standards” was the main reason for this refusal.

Recall that a Léger poll carried out in March 2021 showed that only 27% of Quebecers polled were in favor of GNL Québec, compared to 53% of opponents. Another showed that 85% of Quebecers would refuse to pay more for their electricity to finance the project.

Opposition to the project led to the filing of a record number of unfavorable briefs at hearings by the Bureau d’audiences publiques sur l’environnement.

Symbio Infrastructure claims it will supply Europe with the “lowest carbon liquefied natural gas in the world”.

“Power from Symbio’s innovative, net-zero hydropower infrastructure will provide competitive power to Ukraine and significantly reduce global GHG emissions by displacing higher-emitting power sources used in Europe, such as coal, heavy fuel oil and the more carbon-intensive sources of natural gas and LNG,” said Jim Illich, founder, and president of Symbio Infrastructure.

Get rid of Russian influence

For Symbio and Naftogaz, the LNG Quebec project is one more step to reducing the influence of Russian oil and gas in Ukraine and elsewhere in Europe.

This agreement is an important step on Ukraine’s transition to diverse energy supplies from around the world, which we began in late 2014, when we stopped the direct import of Russian natural gas.

Yuriy Vitrenko, CEO of Naftogaz Ukraine

Canada has already pledged to help Europe reduce its dependence on Russian energy by supplying hydrocarbons.

Subscribe to our newsletter and receive a daily summary of Montreal news.

It is always my pleasure to provide insightful information on important topics and if you have learned something from my article then I thank you for taking the time to share it with your friends or family.

We put a lot of heart and invest a lot of time trying to bring you the most interesting articles.
You would encourage us to do it even better in the future. Thank you!

Related Posts: