EU and Canada explore LNG deal as Europe grapples with gas crisis
5 Articles
5 Articles
EU AND CANADA are considering long-term LNG exports for Europe's energy security. They are planning a feasibility study, but there are questions about cost, infrastructure and impact on climate goals.
EU and Canada explore LNG deal as Europe grapples with gas crisis
A draft EU-Canada summit statement envisages a feasibility study on long-term LNG exports to Europe as Brussels seeks to diversify its energy supplies. But questions remain over infrastructure, costs and the impact on the bloc's climate ambitions.
The EU could in the future import from Canada the amount of natural gas it previously bought from Russia, at least Brussels is initiating an investigation in this direction. It also emerged that regardless of the outcome of the Russia-Ukraine war, the Nord Stream Russian gas pipelines will not be restarted. The Energy Commissioner says that Europe is facing a harsh winter.
Key takeaways As the European Union grapples with fluctuating gas prices and critically low reserves, Brussels and Ottawa are considering a strategic partnership to secure the long-term supply of liquefied natural gas (LNG). Feasibility study According to a preliminary joint statement for an upcoming summit in Montreal, the two parties plan to […]
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
