Trudeau made the comments Monday during a joint press conference with his German counterpart, Olaf Scholz, who is visiting Canada for the first time as chancellor.
“But there needs to be a business case. It needs to make sense for Germany to be receiving LNG directly from the East Coast. Those are discussions that are ongoing right now between our ministers, between various companies to see if indeed it makes sense,” Trudeau said. Trudeau said Canada’s best chance of helping its allies may be to continue supplying natural gas to global markets via existing pipelines to the United States, and then eventually through LNG exports on Canada’s West Coast, where the country’s only export terminal is under construction.
The German chancellor is facing an energy crisis at home where European natural gas prices have hit record levels on fears that Russian supply cuts could tip the German economy into recession.
Like he would know
if proven reserves are enough to justify extraction over several decades, you would need a number of deep sea wells, a few transfer terminals, and a fleet of LNG carriers running on a transatlantic shuttle service, all while limiting emmisions and pollution
Business No, it's all about the Photo-Op of the day.
feckless
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Source: TheTorontoSun - 🏆 23. / 68 Read more »