LNG Developer Announces $15B Project Off Newfoundland, Says Carney Policy Changes Made It Happen

[BeaverFever]

LNG Developer Announces $15B Project Off Newfoundland, Says Carney Policy Changes Made It Happen
 

 

St. John’s-based Fermeuse Energy Ltd. has unveiled plans for a new $15-billion liquefied natural gas (LNG) project off the coast of Newfoundland, and the company’s CEO says the announcement would never have happened without policy changes introduced by Prime Minister Mark Carney.

“Without that, we would not be having a conversation today,” Swapan Kataria, CEO of both Fermeuse Energy and its project partner, London, UK-based Crown LNG, told The Energy Mix Tuesday.

“Prime Minister Carney has now started a momentum, started a movement, almost, to build a country,” Kataria added. “I hope he sticks to it, because there are a lot of people like us who committing to put their life and energy and money into building projects in Canada.”

The Fermeuse Energy development would include a 380-kilometre pipeline to carry gas from the Jeanne d’Arc Basin east of St. John’s to a liquefaction facility in Fermeuse, about 90 kilometres south of the city, the Globe and Mail reports.

The project will use advanced LNG technology to get at an estimated 9.7 trillion cubic feet of offshore gas, about three times the initial estimate for Nova Scotia’s Sable Island development, Fermeuse Energy said in a release. Kataria said the project will take advantage of the new Fermeuse Marine Base, a facility developed to support Newfoundland and Labrador’s offshore sector, while “evolving” it into a gas liquefaction hub.

With the site already approved as a marine supply base, Kataria said the LNG project would save 12 to 18 months of development time on environmental approvals that are already in place. So Fermeuse Energy and Crown LNG are planning on 18 to 24 months of regulatory approvals, followed by four years of construction. “Give or take, 54 to 60 months, we should be able to export if we do not get delayed with the regulatory process,” he said.

 

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https://www.theenergymix.com/lng-developer-announces-15b-project-off-newfoundland-says-carney-policy-changes-made-it-happen/

 

[Legato]

Already been posted and ridiculed.

[Aristides]

A proposal is still alive so I don't know why ridiculed. Are you and Shady only  in favour of LNG projects using Alberta and BC gas? 

https://myclimatechange.home.blog/2025/09/03/london-firm-pitches-15-billion-proposal-to-export-lng-from-newfoundland/

If this can be done using private money, what's the problem?

Edited September 5, 2025 by Aristides