Quote:
Originally Posted by CroFlames
Can someone in O&G confirm or deny if Canada and the US could supply natural gas to the EU on a temporary basis? Like, could we ramp up production now and send it over on tankers in time for winter?
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Not in O&G, but that answer is not really. Canada has no LNG export facilities, so we're not an option. The US does, and they're selling some to Europe. But Europe doesn't have the regasification capacity to replace Russian gas with LNG at this point.
Basically, Russian gas has always been cheaper than LNG, so Europe never really invested in the infrastructure for large-scale imports.