Stolt LNGaz liquefaction project gets governmental approval

Stolt LNGaz informed that the government of Quebec approved its natural gas liquefaction plant in Bécancour.

The Stolt LNGaz project aims to produce 500,000 tons of liquefied natural gas at the plant and to distribute the LNG, primarily via tankers, to Quebec businesses not connected to the existing natural gas distribution network, beginning in 2018, the company said in a statement.

Stolt LNGaz also signed partnership agreements with two Quebec companies, Petro-Nav, a Groupe Desgagnés unit specializing in the maritime transport of bulk liquids, and Servitank, a Groupe Somavrac unit.

The Stolt LNGaz project is valued at more than US$600 million.

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Image: Stolt LNGaz

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