US EditionNatural resources minister presses case for Canadian LNG exports to Europe
Canada will fast-track major liquefied natural gas projects to supply German companies amid Europe's worst energy crisis since the 1970s, officials said.
- Natural Resources Minister Tim Hodgson held a news conference after a trade mission to Germany, stating Canadian LNG exports are gaining interest from German companies amid Europe's energy crisis.
- Hodgson explained that Russia's 2022 invasion of Ukraine triggered the worst European energy crisis since the 1970s, increasing demand for LNG as a transition fuel, reversing previous government resistance to LNG exports.
- He added that Canada now has the lowest carbon intensity LNG supply and plans to fast-track project approvals via the upcoming major projects office to meet rising European demand.
- Jay Khosla of the Public Policy Forum noted Canada has about 18 LNG projects stalled without financial close, warning the country is losing opportunities while global LNG demand climbs to 187 billion cubic metres by 2030.
- The government aims to accelerate LNG exports to Europe to supply stable, low-carbon energy, but analysts warn demand will fall after 2030 and that LNG emissions may be higher than coal when shipped globally.
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9 Articles
Canada's LNG draws German interest for market swaps, minister says
German companies are looking to buy and swap Canadian LNG cargoes shipped off the Pacific coast to help meet European demand, Canada's Energy and Natural Resources Minister Tim Hodgson said on Wednesday.
Natural resources minister presses case for Canadian LNG exports to Europe
At a news conference wrapping up a trip to Berlin, Natural Resources Minister Tim Hodgson said German companies have told him they are interested in Canadian liquefied natural gas, and that his government wants to meet that demand.
German Companies Ready to Buy Canadian LNG From West Coast: Energy Minister
Energy Minister Tim Hodgson said there is much appetite for Canadian liquefied natural gas (LNG) in Germany and that it could be satisfied from the West Coast. The Liberal government has previously not been favourable to shipping LNG to Europe, and there is currently a lack of infrastructure giving access to the Atlantic Ocean. It would take years before such infrastructure is up and running. Hodgson, when speaking to media on Aug. 27 about his …
In break with the positions of Justin Trudeau's previous government, Mark Carney's is in favour of the export of LNG to Europe.
Canada forges ahead on European LNG exports, despite concerns
Though Canada's minister of energy and natural resources is promoting Canadian LNG as the 'lowest-risk and lowest-carbon gas in the world,' some industry analysts and climate advocates disagree, citing downbeat market signals and environmental consequences.
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