Buffett's withdrawal from LNG project not so sudden: warning signs were there for weeks

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Within the Legault administration, some suspect that Berkshire Hathaway actually didn’t believe the business case for the project was strong enough

OTTAWA – The Quebec government knew weeks ago that Warren Buffett’s Berkshire Hathaway was considering pulling out of the GNL Québec’s ambitious $14-billion liquefied natural gas project.

Related The second is the creation of a 780-kilometre pipeline to carry western Canadian gas, which would be built and operated by a separate company called Gazoduq. This is one of the reasons why Quebec Premier François Legault became one of the most vocal proponents for an end to the railway blockades by the end of February, sources say.

“GNL Québec needs major investments to land this project. The boards of directors of investment firms must be watching the current situation carefully”, said Julien.

 

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