TransCanada Corp. and Petro-Canada have signed a memorandum of understanding to develop a liquefied natural gas facility, named Cacouna Energy, in Gros Cacouna, Quebec, about 15 km NE of Riviere-du-Loup. The proposed facility would be capable of receiving, storing, and regasifying imported LNG with an average annual send-out capacity of approximately 500 million cubic feet a day of natural gas. TransCanada and Petro-Canada will share the costs of constructing an LNG receiving, storage and re-gasification facility on Gros Cacouna Island, adjacent to the existing harbor. TransCanada will operate the facility, while Petro-Canada will supply the LNG. The estimated cost of construction is CAD 660 million.
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