Quote:
In May, Canadian Natural Resources Minister Jonathan Wilkinson said the Canadian government was in discussions with the companies behind two proposed east coast LNG export facilities to see how it could speed up the projects and help boost supply to Europe. read more
Canada, the world's sixth-largest natural gas producer, does not have any east coast LNG facilities and only one under construction on its west coast.
"In terms of CO2 footprint and proximity to European markets Canadian east coast projects are very well placed," one of the sources said.
The second source said that Canadians were eager to develop new fields given high shale gas prices and recognised Germany's reputation as being environmentally friendly.
Germany consumes around 100 billion cubic meters (bcm) of natural gas annually with around 55% of that coming from Russia and smaller volumes piped from Netherlands and Norway.
Spanish oil major Repsol's (REP.MC) regasification plant on Canada's east coast, through which it imports into the United States, could potentially have a liquefaction capacity installed to export directly into Northwest Europe, an industry source said.
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https://www.reuters.com/business/ene...al-2022-06-28/
You can go back '5, 10, 15' years and look at the increasing reliance by Germany & Europe on Russian gas and see it as a missed opportunity from the 6th biggest producer in the world of natural gas who currently has ZERO LNG export capabilities, or you can whine about costs and other stupidity and dance around the issue like Canadians love to do.
And yes, I realize that all this means we should have built LNG export facilities on the east coast with pipelines to send western province produced natural gas east.