Ontario invests in LNG conversion feasibility study

Ontario invests in LNG conversion feasibility study

The government of Ontario is funding a feasibility study that will look into the cost estimates, interest, technical requirements and economic and environmental advantages of LNG conversion.

The study costs for the communities of Marathon, Manitouwadge, Schreiber, Terrace Bay and Wawa along the north shore of Lake Superior are at $100,000, provided through the Northern Ontario Heritage Fund Corporation (NOHFC), the government said in a statement on Tuesday.

Michael Gravelle Minister of Northern Development and Mines and chair of the NOHFC said, “This study will help ensure that the partner municipalities have the necessary information and recommendations to properly evaluate the economic development potential of LNG conversion.”

Ontario’s Minister of Economic Development, Employment and Infrastructure, Brad Duguid added that the study into LNG could enable the reduction in energy costs for the province’s Northern communities.

 

LNG World News Staff

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