Together, oil and natural gas account for slightly over half of Québec’s energy balance sheet. These supplies are crucial for the development of our economy and the well-being of the population. Oil and natural gas can also be sources of growth and wealth creation, provided we are able to take advantage of our assets.

Priority actions

To secure our fossil fuel supplies and develop the advantages available to us, the Government has selected the following three priority areas:

1. Create the necessary conditions for the development of Québec’s oil and gas resources.
2. Diversify natural gas supply sources.
3. For refined petroleum products, give priority to secure supplies at competitive prices.

In its energy strategy, the Government applies a range of measures to diversify and strengthen the security of our fossil fuel supplies, and to take full advantage of Québec’s geological potential and geographical location.

One of Québec’s most important assets is the existence of favourable geological conditions in Gaspésie, along the St. Lawrence Valley and in offshore areas of the St. Lawrence Gulf and Estuary. The context has never been more favourable to new and major investments in fossil fuel prospecting. The Government intends to encourage these investments by introducing satisfactory environmental safeguards, settling the disputes over resource ownership, and signing an agreement with the federal government.

The proposed liquefied natural gas (LNG) terminal projects are also designed to take advantage of Québec’s geographical location. It is important for promoters to continue with their efforts while providing detailed answers to the legitimate questions raised by members of the public. Future assessments and public hearings will provide all the information required to make the appropriate decisions.