There are sound economic reasons why it makes sense for Canada to export super\u002Dchilled liquefied natural gas to the world.
As the invasion of Ukraine by Russia continues, that country’s energy giant Gazprom indicated Friday that product won’t flow through the Nord Stream 1 pipeline for three days later this month due to maintenance, pushing prices even higher.
“At the heart of the matter lies a surprising paradox: while developing Canadian gas would put upward pressure on our own national climate targets, it could also contribute to lowering global emissions. Canada can supply lower-carbon gas that would dislocate coal use in Asia and Europe, although it will take many years to build the necessary infrastructure.
“Before the invasion of Ukraine, Canada stood alone among gas-producing nations in displaying ambivalence about developing its resource for export,” the report noted. It pointed out that European countries are already accelerating plans to develop more renewable projects.
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