Company Overview

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 Information

Additional Details

Legal Name: Soquip nergie Inc.

Contacts

Services

• Underground Gas Storage

Products

• Renewable Energy (biomass, Biogas, Wind Power, Solar, Fuel Cells)

  Development of energy projects in Quebec.

• Seismic Datas

NAICS Categories

• 221119 Other Electric Power Generation

Additional Information