Berkshire Hathaway to not invest C$4 bln in Saguenay LNG project

• Posted in OilGas
• on March 6, 2020
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Warren Buffett’s Berkshire Hathaway Inc has decided not to invest C$4 billion in a liquefied natural gas (LNG) plant by the Saguenay port, CBC News reported on Thursday, citing Radio-Canada.

The marine terminal to ship LNG to overseas markets is expected to be built roughly 230 km northeast of Quebec City, at a cost of C$9.5 billion ($7.08 billion), according to the report. GNL Quebec, the company behind the project, confirmed it had lost a significant potential investor, but did not say who it was, CBC News reported.

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