March 5, 2020 / 8:35 PM / in 3 months

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

(Adds dropped word in last paragraph)

March 5 (Reuters) - 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 Québec, the company behind the project, confirmed it had lost a significant potential investor, but did not say who it was, CBC News reported.

Berkshire Hathaway did not immediately respond to a Reuters request for comment. ($1 = C$1.3424) (Reporting by Arundhati Sarkar in Bengaluru; Editing by Shounak Dasgupta)

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