German Chancellor Olaf Scholz expected to focus on longer-term energy goals, renewable energy markets in talks with Ottawa
When German Chancellor Olaf Scholz visits Canada next week to talk about the energy crisis gripping his country, prospects for a rapid expansion of liquefied natural gas exports from Canada will not be a topic of discussion, according to Canadian and German officials.
The visit is not a trade mission, but it will resemble one. Mr. Scholz will be joined by executives from Germany’s energy, environment, chemical, automotive, shipping and mining sectors. Volkswagen‘s chief executive, Herbert Diess, will be among the delegation. And so will Siemens Energy CEO Christian Bruch.
Natural Resources Minister Jonathan Wilkinson told The Globe in June that the two proposals would have to stand on their own merits and go through Canadian regulatory reviews to ensure they meet this country‘s climate goals. According to Future Gas, building an LNG export terminal takes at least five years, and it can be 10 to 20 years before investors recoup the cost, which usually amounts to around $13-billion. Building an export terminal is about 10 times more expensive than building an LNG import terminal. This is because the gas liquefaction process is complex and requires a great deal of energy.
“LNG exports from Western Canada could have an indirect impact on Europe and lower prices,“ Mr. Çam said. Canadian gas exports could replace U.S. LNG exports to Asia, which would allow the U.S. to increase the volumes of the fuel it sends to Europe.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Skeena MLA Ellis Ross invites German Chancellor Olaf Scholz to tour Kitimat LNG facilities - Terrace StandardSkeena MLA Ellis Ross invites German Chancellor Olaf Scholz to tour Kitimat LNG facilities
Read more »
Germany, Israel condemn Palestinian president's Holocaust remarksBERLIN/JERUSALEM — German Chancellor Olaf Scholz voiced disgust on Wednesday at remarks by Palestinian President Mahmoud Abbas that the German leader said…
Read more »
Report dumps cold water on Canadian LNG exports to Europe ahead of German chancellor's visitGerman Chancellor Olaf Scholz visit next week has stoked speculation about LNG exports, but a report says it is not the answer. Read more
Read more »
Germany and Israel condemn Palestinian President’s Holocaust remarksGerman Chancellor Olaf Scholz said he was disgusted by the ‘outrageous remarks’ made by Palestinian President Mahmoud Abbas, saying they diminished the importance of the Holocaust
Read more »
Report dumps cold water on Canadian LNG exports to Europe ahead of German chancellor's visitGerman Chancellor Olaf Scholz visit next week has stoked speculation about LNG exports, but a report says it is not the answer. Read more
Read more »
Report dumps cold water on Canadian LNG exports to Europe ahead of German chancellor's visitGerman Chancellor Olaf Scholz visit next week has stoked speculation about LNG exports, but a report says it is not the answer. Read more
Read more »