When German Chancellor Olaf Scholz visits Canada next week to talk about the energy crisis gripping his country, prospects for a rapid expansion of liquefied natural gas exports from Canada will not be a topic of discussion, according to Canadian and German officials.
The visit is not a trade mission, but it will resemble one. Mr. Scholz will be joined by executives from Germany’s energy, environment, chemical, automotive, shipping and mining sectors. Volkswagen‘s chief executive, Herbert Diess, will be among the delegation. And so will Siemens Energy CEO Christian Bruch.
Natural Resources Minister Jonathan Wilkinson told The Globe in June that the two proposals would have to stand on their own merits and go through Canadian regulatory reviews to ensure they meet this country‘s climate goals. According to Future Gas, building an LNG export terminal takes at least five years, and it can be 10 to 20 years before investors recoup the cost, which usually amounts to around $13-billion. Building an export terminal is about 10 times more expensive than building an LNG import terminal. This is because the gas liquefaction process is complex and requires a great deal of energy.
“LNG exports from Western Canada could have an indirect impact on Europe and lower prices,“ Mr. Çam said. Canadian gas exports could replace U.S. LNG exports to Asia, which would allow the U.S. to increase the volumes of the fuel it sends to Europe.
The world understands how common sense gridlocked Canada has become. Lng is not possible thanks to Quebec and anti pipeline eco nuts. Solution, east coast wind farms to generate green hydrogen. Germany gets to feel pious, Canda gets dead birds, sound pollution.
'Although Germany is interested in Canadian LNG, its leadership in Berlin has little confidence that Canadian companies are capable of delivering in the country’s time of need' BS; Cdn companies could absolutely deliver if liberal_party gov't would just get the f out of the way
Lol. Trudeau and Scholz time would be best spent organizing an airlift of Canada Goose parkas and Hudson Bay blankets for working class Germans.
Nothing is rapid in LNG!
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Source: TerraceStandard - 🏆 24. / 68 Read more »