Canada, Germany discuss LNG exports to Europe: press
Germany is in talks with Canada over options to export LNG to Europe via a terminal on Canada's east coast, a German government official told Reuters on June 28. The two countries discussed this issue on the sidelines of the G7 summit this week.
Berlin has embraced LNG as the means of weaning itself off Russian gas. Since declaring its plan to phase out Russian gas in the wake of Moscow's invasion of Ukraine, the German government has pledged to invest up to €3bn ($3.2bn) in the development of four LNG import terminals over the next decade.
In May, Canadian natural resources minister Jonathan Wilkinson said the Canadian government was in discussions with the companies behind two proposed east coast LNG export facilities to see how it could speed up the projects and help boost supply to Europe, Reuters added.
Canada, the world's sixth-largest natural gas producer, does not have any east coast LNG facilities and only one under construction on its west coast.
"In terms of CO2 footprint and proximity to European markets Canadian east coast projects are very well placed," a source told Reuters. Another source said that Canadians were eager to develop new fields given high shale gas prices and recognised Germany's reputation as being environmentally friendly.