Finance Minister Chrystia Freeland told reporters in Washington at the end of annual IMF and World Bank meetings that liquefied natural gas ‘is an important transition fuel’
Canada will look at supporting more liquefied natural gas terminals as long as they are economically feasible because they are needed to keep the world from burning coal again amid the current energy crunch, Finance Minister Chrystia Freeland said on Friday.
German Chancellor Olaf Scholz visited in August, looking for Canada – the world’s fifth largest producer of natural gas – to play a “major role” in filling the shortfall brought on by Russia’s invasion of Ukraine, but went home with no promises. On Friday, Freeland appeared to leave the door open to the possibility, as has Natural Resources Minister Jonathan Wilkinson, saying that she had heard finance ministers in Washington this week say they were having to burn more coal because of the soaring cost of LNG.
Two east coast projects being discussed are Repsol’s intake facility in New Brunswick, which could be retooled for exports, and Pieridae Energy’s proposed Goldboro LNG facility in Nova Scotia.
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