Quote:
Originally Posted by opendoor
Aren't basically all large LNG importers countries that can't be (are aren't currently) adequately supplied by pipelines (e.g. Japan, South Korea, China, etc)? Why would Germany have spent billions of dollars on gasification plants just to pay a higher price for gas than what they get through pipelines (Gazprom has historically priced its gas to Europe to undercut LNG). Sure there are geopolitical reasons why that would have made sense, but would it actually have happened? I seriously doubt it. The US has had significant LNG to export for 5-6 years now, but Germany never signed any deals to import it from them until the war in Ukraine. So why would they have been beating down Canada's door?
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Obviously talking with the benefit of hindsight here, but there's a lesson in this situation from Germany too. Canada could've had export capacity in place, and Germany could've still not had the infrastructure in place to import. And Germany could've had the import capacity, and Canada still not had the export capacity. Germany's share of the blame doesn't absolve Canada for not doing its part nor vice-versa.