Quote:
Originally Posted by Azure
Sarcasm aside, if a country like Canada would have gotten their #### together, and had LNG available for export, Germany would have been one of the first countries to line up to sign long-term deals.
Obviously at this point you can't expect Germany to do anything other than be beholden to Russian gas, because other countries with massive reserves can't supply them with they need, and everything from residential heating to manufacturing capacity is at risk if they can't get stable gas supply.
What is sad is that if you go back 5-10 or 15 years, Canada has been in the unique position to help avoid much of what is happening right now, but instead of doing that, we are now at the point where we help dodge sanctions and are playing a part in helping Russia fund the war machine that will continue to kill Ukrainians.
From a political standpoint it is an unmitigated disaster. and SHOULD be political disaster, but probably won't. From an ethical standpoint our country is an embarrassment.
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This isn't on Canada.
Sending LNG gas to EU is not an economical decision for either side. It never has been. It never will be. It's a political, moral and environmental decision. So if Canadians and/or Europeans want this done, it has to be paid for by the average citizen in the form of taxes or higher gas costs.
5,10,15 years ago, try and make this argument as politician/business leader and not get laughed out a room.
Ok guys, my name is Azure. The year is *insert year between 2000 and 2020*. I'm a Canadian politician / energy CEO. We need to supply the EU/Germany with LNG because Russia is becoming increasingly unstable and hostile. To do this, we need to:
-Twin the existing TC Energy natural gas mainline and expand it to the coast. This will cost $12 billion*
-Build a brand new LNG Export Facility in East Coast Canada. This will cost $10 billion*
-Build new LNG Import Facilities in Germany. This will cost $2 billion*
-Convince the EU/Germany to pay for all this + market natural gas price + transport
-Convince German voters that paying 40 percent* more for natural gas is worth it to buy it from friendly Canada
-Convince the USA that it is in their best interest that Canada diversify their natural gas trading partners (and in theory raise prices for them)
-Convince Russia / Putin not to have sour grapes over losing their largest export market and source of revenue
Who's with me?
*Someone please correct me if these costs are wildly out of line.