Placentia Bay FLNG Terminal

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Placentia Bay FLNG Terminal, also known as Grassy Point LNG Terminal, is a shelved (inferred 2 y) LNG export terminal in Canada.

Location

Table 1: Location details

Name	Location	Coordinates (WGS 84)
Placentia Bay FLNG Terminal	Arnold's Cove, Newfoundland and Labrador, Canada	47.417157, -53.875705 (approximate)

The map below shows the approximate location of the terminal:

Loading map...

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Project Details

Table 2: Infrastructure details

mtpa = million tonnes per year

Name	Facility type	Status	Capacity	Total terminal capacity	Offshore	Associated infrastructure
Placentia Bay FLNG Terminal	export	shelved (inferred 2 y)	4 mtpa	4.0 mtpa	True	Jeanne d'Arc Basin

Table 3: Cost

Name	Facility type	Cost	Total known terminal costs
Placentia Bay FLNG Terminal	export	US$10,000,000,000	US$10,000,000,000

Financing

No financing data available.

Table 4: Project timeline

FID = Final Investment Decision, used by some developers to indicate a project will move forward

Name	Facility type	Status	Proposal year	FID year	Construction year	Operating year	Inactive year
Placentia Bay FLNG Terminal	export	shelved (inferred 2 y)	2021	2026 (Pre-FID)	–	–	2025 (shelved)

Ownership

Table 5: Ownership

Name	Facility type	Status	Owners	Parent companies	Operator
Placentia Bay FLNG Terminal	export	shelved (inferred 2 y)	LNG Newfoundland and Labrador Ltd	LNG Newfoundland and Labrador Ltd	–

Background

In October 2021, LNG Newfoundland and Labrador Ltd proposed a gas liquefaction facility and marine export terminal at Grassy Point in Newfoundland and Labrador province. The project would draw gas from an offshore central gas hub in Jeanne d'Arc Basin and would be transported to Grassy Point via a new pipeline. A floating liquefied natural gas (FLNG) vessel would have an export capacity of 4 mtpa. A preliminary timeline states that the project would come online in 2030. Its developers are planning to conduct feasibility studies for carbon capture for the liquefaction facility, enhanced oil recovery and sequestration, and using hydropower and other renewable energy sources to power the liquefaction facility.

In February 2022, Newfoundland and Labrador's Environment and Climate Change minister requested that the project complete an environmental impact statement. Environmental groups including Decarbonize NL, the Bay St. George Climate Action Network, and Sierra Club have argued that the project should have been rejected outright due to its emissions impacts. The province government has committed to reduce emissions by 30% of 2005 levels by 2030, and the project would increase its emissions.

As of February 2023, the sponsor was actively promoting the project on X (formerly Twitter).

In November 2023, the Government of Newfoundland and Labrador's Department of Fisheries, Forestry and Agriculture canceled Crown Lands application associated with this project location.

As of June 2025, there have been no project updates in over two years, and the project is inferred to be shelved. A May 2025 report from Investors for Paris Compliance also notes that the project's website is down, and that it has been removed from NRCan’s list of LNG projects in various stages of development in Canada. A September 2025 article regarding a new LNG proposal in Newfoundland and Labrador, Fermeuse Energy FLNG Terminal, also said that the Placentia Bay proposal did not move forward.

Articles and Resources

Additional data

To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.