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Originally Posted by Goriders
All of those projects were cancelled because trudeau moved the goalposts at the last minute.
You could probably add in europe coming looking for LNG earlier in the year and trudeau telling them there’s no business case. Here’s some hydrogen that you don’t want.
Then Germany signing big LNG deals with Qatar right after.
Apparently Qatar saw the business case. Unlike our village idiot.
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You know who didn't see a business case? Businesses. There's nothing stopping any business from doing it, except viability
https://financialpost.com/commoditie...anada-lng-plan
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But to reach the terminal gas would have to be transported thousands of kilometers from western Canada, requiring new pipeline capacity through Canadian provinces and northeastern U.S. states that in the past have resisted fossil fuel development.
“Following a study carried out by the company, it was determined to not continue with the Saint John liquefaction project as the tolls associated to it made it uneconomical,” a Repsol spokesperson said in a statement.
Last summer, Repsol chief executive Josu Jon Imaz said the company would need a buyer to commit to a 15- to 20-year offtake agreement for the gas, as well as new pipeline infrastructure and tolling agreements to get the gas to the Atlantic coast.
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