Soquip nergie Inc.

Soquip nergie Inc.

SOQUIP was created in 1969 by the Qubec government. SOQUIP's
first mandate was to carry out exploration in Qubec to assess
the province's hydrocarbon potential. Early in the 1980s, SOQUIP
was given a mandate to help expand Qubec's gas transmission and
distribution systems.

To that end, SOQUIP purchased an interest in Gaz Mtropolitain,
which over the years has become Qubec's main gas distributor.
Through the holding company Noverco, the owner of Gaz
Mtropolitain, SOQUIP helped shape the distributor's strategic
orientations and also developed expertise in various areas
related to the hydrocarbon sector.

Through its strategic activities, SOQUIP has promoted the
development of Qubec's oil and gas sector. SOQUIP has been
involved, often through affiliated companies, in providing more
than $2 billion invested to consolidate and develop Qubec's
natural gas industry. These investments have enabled SOQUIP to
develop extensive and diversified energy expertise, notably in
oil and gas exploration, gas storage and gas transport by
trailer.

Throughout its development, SOQUIP's corporate strategy has been
based on partnerships with private and public companies. This
strategy has enabled it to reduce the risks of its energy
investments and to achieve a high rate of return while promoting
technology transfers between the investing partners.

In 1997 the Qubec government asked SOQUIP to realize its
investment in Noverco, which enabled the Company to record a
gain of more than $115 million. That year, primarily because of
the sale of its interest in Noverco, SOQUIP earned record net
income of $139.7 million. Since 1992, its net income has ranged
from $17 million to $23 million a year.

As part of a reorganization of Qubec government agencies,
SOQUIP became a subsidiary of
Socit gnrale de financement (SGF, www.sgfqc.com). SGF role
is to promote economic development and
job creation in Qubec.

SOQUIP became a private company
wholly owned by Socit gnrale de financement, which
enable it to pursue its mandate and put its expertise to work to
develop innovative energy projects (energy production and energy
related manufacturing) that create jobs.

SOQUIP will rely on its expertise and assets to further its
development and reach new heights. It has an extensive seismic
data bank covering Qubec and a portion of Canada's East Coast.
It is also directly involved in Qubec's only two gas storage
facilities, and is involved in electricity production from
biomass and biogaz in addition to studying many projects.

Today, more than ever, SOQUIP is a forward-looking company
focused on development

Company Details

Year Established: 1969

Company Information

Guy Morisset
Title: Directeur des Investissements
Telephone: (418) 651-9543
Fax: (418) 651-2292
Email: Click Here

Products

Seismic Datas

Renewable Energy (biomass, Biogas, Wind Power, Solar, Fuel Cells)
Development of energy projects in Quebec.

Services

Underground Gas Storage