Québec’s Strategic Environmental Assessment on Hydrocarbons: HEC Montréal Releases Study on Potential Markets for Quebec’s Hydrocarbons
On October 27, 2015 HEC Montréal released a study on potential domestic and international markets for Quebec’s hydrocarbons. The release of this report constitutes one of the final milestones in the strategic environmental assessment undertaken by the Québec Government regarding its hydrocarbon action plan. The Québec Government is now expected to table a final report on its findings before the end of 2015 which could potentially lead to the adoption of a new broad-ranging bill on hydrocarbons.
In their report, professors Pierre-Olivier Pineau and Sylvain Audette discuss the origin of current supplies of hydrocarbons used in Quebec (including oil, natural gas and liquid natural gas by-products), the demand forecast for those products and the challenges which the Quebec oil and gas industry will face when competing on the domestic and international markets. The report also includes a section dedicated to Anticosti Island.
The complete report is available here (in French only).
Quebec Stratégie Énergétique