An artistic rendering showing potential gas preprocessing and liquids storage facilities at Grassy Point, and an LNG carrier. - ScreenshotOn Aug. 22, the Globe and Mail wrote , “Trudeau casts doubt on idea of shipping natural gas from East Coast to Germany.”
For one thing, he said, the natural gas the company hopes to tap into is not in far-away Alberta, but in the Jean D’Arc Basin, less than 200 miles from shore.“Every trillion cubic feet of natural gas is the energy equivalent of 170 million barrels of crude oiil," he said.Recent seismic data from the offshore, he added, indicates the potential for another 224 trillion cubic feet of natural gas in just 10 per cent of the prospective exploration area offshore.
The project is still going through the provincial environmental assessment process, and documents are due to be registered this fall for the federal government’s environmental assessment process. “But if we had the co-operation of the Government of Canada, we could expedite that to perhaps 2028.”It was the first time a First Nations became a partner in an offshore energy project in the province.“I would say there’s a very bullish case for exports of low carbon energy, like LNG, from Newfoundland to energy-hungry markets like Germany, and Europe in general,” said Power.