Article

Fermeuse Energy Limited has proposed a $15 billion LNG hub project in Fermeuse, aiming to export 9.7 trillion cubic feet of gas from the Jeanne d'Arc Basin by 2031, with support from South Korea's Hanwha Group. While proponents argue it could create 500 permanent jobs and boost local economic development, critics express concerns over environmental impacts, unfulfilled job promises, and the project's alignment with Newfoundland and Labrador's climate goals. Local opposition has led to a pause in communications, highlighting skepticism about the project's long-term viability.