Fermeuse reveals plans to build $12B LNG facility on east coast
The liquefaction hub would export gas from Newfoundland’s Jeanne d’Arc Basin to Europe.
Key Takeaways:
- Fermeuse Energy Ltd. plans to build a $12–15 billion LNG liquefaction hub at the Fermeuse Marine Base, aiming to export gas from Newfoundland’s Jeanne d’Arc Basin to Europe.
- The project is expected to create thousands of construction jobs and more than 500 permanent positions, with strong support from the Town of Fermeuse.
- The development aligns with provincial and federal goals of using natural gas as a transition fuel and could position Newfoundland and Labrador as a major global LNG supplier.
The Whole Story:
Fermeuse Energy Ltd. has unveiled plans for a massive liquefied natural gas hub on Newfoundland’s east coast, a project the company says could turn the province into a major exporter of LNG to Europe.
The $12-billion to $15-billion development would see the Fermeuse Marine Base converted into a liquefaction hub to process offshore gas from the Jeanne d’Arc Basin. The company estimates the basin holds 9.7 trillion cubic feet of associated gas — more than three times the initial reserves found off Nova Scotia’s Sable Island.
Fermeuse Energy says the project will use advanced LNG technology and take advantage of the marine base’s nearly one kilometre of quayside, heavy-lift capacity and ice-free harbour. The company expects the hub to generate thousands of construction jobs and more than 500 permanent positions.
“This transformative project harnesses Newfoundland and Labrador’s offshore gas reserves to create a sustainable energy future,” Fermeuse Energy CEO Swapan Kataria said in a statement Tuesday. “We’re not only building on local expertise to create jobs and economic resilience, but also contributing to Canada’s role in the global energy landscape.”
The Town of Fermeuse has endorsed the plan, with Mayor Jerome Kenny calling it “a tremendous opportunity for economic development” that would bring long-term stability to residents.
The project, which the company promoted ahead of the Gastech 2025 energy conference in Milan, is expected to deliver provincial royalties and align with both provincial and federal government goals of using natural gas as a transition fuel.
Fermeuse Energy is a Newfoundland and Labrador-based firm focused on energy infrastructure and offshore resource development. The company’s partner, Crown LNG Holdings Ltd., specializes in liquefaction and regasification terminals for harsh environments.
