Quote:
Originally Posted by Firebot
There was a recent post talking about business case LNG exports that I can no longer find, but I was going to discuss all the east coast LNG projects that got shelved or rejected over the past 10 years under the Trudeau government such as Repsol, Énergie Saguenay and several others.
Énergie Saguenay was rejected with joy by Guilbault just weeks before the invasion of Ukraine.
https://www.cbc.ca/news/canada/montr...ject-1.6320373
https://www.canada.ca/en/impact-asse...y-project.html
It's great to finally have a pragmatic adult running our country. It's disappointing that we lost a whole decade of country defining opportunities from the country chopping its own foot over ideology especially under the Trudeau-Singh coalition government.
"There has never been a strong business case" is now turning into "tremendous opportunity". Sometimes it's really not the party but the leader (hint hint CPC time to clean house) |
Unless the government is going to subsidize a pipeline, East coast LNG is still very tough sell because of the costs of transport. Churchill might be a different story, but that has its own set of issues.
As for the agreement with Germany, it sounds like that will largely be achieved through offset agreements and cargo swaps involving west coast LNG exports. Basically, Germany and other European buyers will buy LNG from Canada's west coast terminals and then trade it for LNG in the Atlantic. So they'll secure a supply, but Canadian LNG won't actually be directly going to Europe.