Planned Newfoundland LNG Hub Targets Europe’s Growing Energy Needs
The estimated $12–15 billion project is expected to create thousands of jobs and deliver long-term economic benefits for Newfoundland and Labrador.
(P&GJ) — Fermeuse Energy Limited has announced plans to develop a major liquefied natural gas (LNG) export hub at the Fermeuse Marine supply base in Newfoundland and Labrador, according to a Sept. 2 announcement.
The project, estimated at $12–15 billion, aims to unlock 9.7 trillion cubic feet (Tcf) of offshore associated gas in the Jeanne d’Arc Basin, positioning the province as a future LNG supplier to Europe and global markets.
Fermeuse Energy said the liquefaction hub would leverage the province’s offshore expertise while delivering significant economic benefits, including royalties and new jobs. The Fermeuse Marine Base, featuring nearly one kilometer of quayside and heavy-lift capacity, is expected to serve as the backbone for the project.
"Fermeuse Energy Limited is proud to lead this transformative project, which harnesses Newfoundland and Labrador's offshore gas reserves to create a sustainable energy future," said Swapan Kataria, CEO of Fermeuse Energy and Crown LNG. "By evolving the Fermeuse Marine Base into a liquefaction hub, we're not only building on local GBS expertise to create jobs and economic resilience, but we're also contributing to Canada's role in the global energy landscape."
Local officials expressed support for the plan. "We are thrilled to see Fermeuse Energy's vision come to life in our community," said Jerome Kenny, mayor of Fermeuse. "This project represents a tremendous opportunity for economic development, bringing well-paying jobs and long-term stability to our residents."
The project is projected to create thousands of construction jobs and more than 500 permanent positions. Fermeuse Harbour, an ice-free port with direct access to Europe and new Arctic shipping routes, will provide strategic export advantages, including reduced emissions and transit times.
The initiative aligns with provincial and federal energy strategies, which emphasize natural gas as a transition fuel capable of extending offshore project lifespans and enhancing energy security.