February 26, 2014 - Press releases
Montréal, February 25, 2014 – Following the tabling of the report by the Commission sur les enjeux énergétiques du Québec, Gaz Métro is pleased to note that several of its recommendations validate the role of natural gas in Québec's Sustainable Economic Development.
Gaz Métro and its subsidiaries filed briefs and made proposals during hearings held in fall 2013. Many stakeholders also demonstrated the economic and environmental merits of natural gas.
“This report shows that natural gas has a part to play in the development of a greener and more prosperous Québec, and therefore represents a key premise in determining the orientations of Québec’s future energy policy,” says Stéphanie Trudeau, Vice-President, Strategy, Communication and Sustainability.
Many recommendations promote the use of natural gas to replace oil and recognize the importance of maintaining and developing the necessary infrastructure to serve customers at competitive prices :
- Increased use of liquefied natural gas (LNG) and compressed natural gas (CNG) in freight transport: support for the Blue Road;
- Generally speaking, the Commission recommends replacing oil and diesel with natural gas in industrial applications where electricity and biomass are not appropriate;
- That the Québec government lobby the federal government to build a gas pipeline in the Côte-Nord region;
- That the Québec government lobby the relevant authorities to ensure gas customers do not foot the bill for the TransCanada oil pipeline project;
- That the regulatory framework be reviewed to facilitate the introduction of biomethane into the gas network.
Gaz Métro shares the commissioners’ trepidations as regards greenhouse gas reduction targets. Like the commissioners, Gaz Métro is also concerned about the timing for Québec’s entry into the carbon market, and about the collateral effects of a market composed solely of Québec and California, at a time when the province's main export markets and neighbouring markets are still not subject to it.
Lastly, Gaz Métro questions some of the recommendations concerning energy efficiency and the development of wind power, and will keep a watchful eye on any steps taken in that regard.
About Gaz Métro
With more than $5 billion in assets, Gaz Métro is a leading energy provider. It is the largest natural gas distribution company in Québec, where its network of over 10,000 km of underground pipelines serves 300 municipalities and more than 190,000 customers. Gaz Métro is also present in Vermont, producing electricity and distributing electricity and natural gas to meet the needs of more than 305,000 customers. Gaz Métro is actively involved in the development of innovative, promising energy projects such as the production of wind power, the use of natural gas as a transportation fuel and the development of biomethane. Gaz Métro is a major energy sector player that takes the lead in responding to the needs of its customers, regions and municipalities, local organizations, and communities while also satisfying the expectations of its Partners (GMi and Valener) and employees.