Quote:
Originally Posted by Azure
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.
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It is pretty easy to see that Europe, in particular eastern Europe, has a stability issue with natural gas supply due to their reliance on Russia. I believe that it is at least 5 times in the last 20 years that supply disruptions have crippled eastern Europe mostly as a result of political pressure that Russia was trying to use against the EU countries. The EU and Canada could have worked towards some sort of supply agreement but little to no progress was made.