MONTREAL, Nov. 20, 2013 /CNW Telbec/ - Gaz Métro LNG, a subsidiary of
Gaz Métro, is issuing a non-binding call for submissions for the
purchase of liquefied natural gas (LNG).
To evaluate market needs, Gaz Métro LNG is offering potential customers
in Quebec and neighbouring regions the opportunity to make their needs
for LNG known by responding to this non-binding call for submissions by
January 31, 2014. To participate, interested parties can fill out the
form at http://gnl.gazmetro.com/Default.html.
On February 4, 2013, Gaz Métro announced that it was considering
different solutions to increase the availability of LNG in Quebec,
including adding liquefaction capacity to its liquefaction, storage and
regasification (LSR) plant located in Montreal.
This non-binding call for submissions will allow Gaz Métro to assess the
feasibility of a project to expand the LSR plant. If the project goes
forward, Gaz Métro LNG intends to negotiate LNG sales contracts with
"We have reached an important milestone in our strategy for developing
this promising market. LNG is the best way to reduce greenhouse gases
(GHG) emitted by heavy vehicles while lowering fuel costs. It is also a
way to help industries located far from the gas network by offering
fuel that is competitive and able to reduce their carbon footprint,"
stated Martin Imbleau, Vice President, Business Development and
Renewable Energy at Gaz Métro.
Summary of conditions
LNG sales contracts will be for a duration of 10 years. The price of
LNG, in Canadian dollars, is based on the price Gaz Métro LNG pays for
natural gas delivered by gas pipeline to Montreal, with a markup to
cover the cost of liquefaction. Customers will take delivery of LNG at
the LSR plant and will therefore be responsible for transporting LNG
from the LSR plant. If required, Gaz Métro LNG may provide LNG
transportation services from the LSR plant for customers, or supply the
tankers needed to transport LNG, according to conditions to be agreed
upon. The service should begin in spring 2016. However, Gaz Métro LNG
does have some quantities of liquefied natural gas that it could make
available between now and then. All the conditions can be reviewed at http://gnl.gazmetro.com/Default.html.
The environmental benefits of natural gas
Natural gas is the cleanest hydrocarbon. Using natural gas instead of
diesel in heavy vehicles reduces GHG emissions up to 25%. In addition,
using natural gas in place of heavy fuel oil reduces GHG emissions up
to 32% and significantly reduces atmospheric pollutants that cause
The economic benefits of natural gas
Fuel is one of the top budget items for industries and transporters.
Given the current trend in energy prices, using LNG can lead to
significant economic gains depending on a customer's individual
About Gaz Métro and Gaz Métro LNG
Gaz Métro LNG, L.P. is a subsidiary of Gaz Métro that was created to
market and sell liquefied natural gas (LNG).
With more than $5 billion in assets, Gaz Métro is a leading energy
provider. It is the largest natural gas distribution company in Quebec,
where its 10,000-km underground network of pipelines serves
300 municipalities and more than 185,000 customers. Gaz Métro is also
present in Vermont, producing electricity, and distributing electricity
and natural gas to cater to the needs to some 300,000 customers. Gaz
Métro is actively involved in the development of innovative,
sustainability-oriented energy projects such as the production of wind
power, the use of natural gas as a transportation fuel and the
development of biomethane as a renewable energy source. Gaz Métro is
committed to ensuring the satisfaction of its customers; providing
support to businesses, local organizations, families and communities;
and meeting the needs of its partners (Gaz Métro Inc. and Valener) and
SOURCE: Gaz Métro
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