German Chancellor Olaf Scholz visit next week has stoked speculation about LNG exports, but a report says it is not the answer. Read more
Russia’s war in Ukraine has resulted in a curtailment of gas supplies to Germany and Scholz has previously asked allies, including Canada, for help in finding alternatives to Russian fuel. His official visit next week with Prime Minister Justin Trudeau will include a stop in Stephenville, N.L., where they are expected to sign a hydrogen agreement. The Newfoundland port town is the planned home of a zero-emission plant where wind power will be used to produce hydrogen and ammonia for export.
Currently, there are no LNG export terminals operating in Canada. One terminal is under construction — the Shell-led LNG Canada project in Kitimat, B.C. — and there has been heightened pressure on Canada to deliver export capacity in Atlantic Canada amid a deepening energy crisis in Europe.Photo by LNG CANADA
Still, as Canadian oil and gas companies emerge from a lucrative quarter there have been continued calls from within the sector to expand export capacity.
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