'I have not seen the business case'
The long quote:
"We are in a situation in the short-term, where we will do what we can to contribute to the global supply of energy by increasing our capacities… And explore ways to see if it makes sense to export LNG and if there's a business case for it, to export LNG directly to Europe.
"But in the medium-term and long-term, Canada can and will position itself to be a key supplier of energy to the world in a net-zero economy. And that means investments in hydrogen, it means more investments in critical minerals… it means investments in a range of solutions.
"Conversion plants are usually placed close to the sources of LNG. And, as we look at the possibility of LNG plants on the east coast, able to ship directly to Germany, we find ourselves a long way from the gas fields in western Canada. It's doable, we have infrastructure around that, but we're looking very much at how we can best help,"
Another one from the same trip:
"From the government standpoint, easing the processes—because of the difficulty that Germany is facing—to make sure that we can move through regulatory hurdles more quickly, is something we're willing to do," Trudeau said. "But there needs to be a business case. It needs to make sense for Germany."
I gather that is what Energy East was intended for so we are still missing one pipeline and at least one LNG plant to realize any export opportunity to Europe
Energy East was going to reduce gas capacity to east coast.
Right now Trans-Canada feeds into the USA NE from Quebec (and the capacity has been growing), and then the pipeline that feeds the maritimes draws from that same system.
The problem is the freeze spread between USA NE prices and europe prices. If you're going to be moving gas adjacent to the USA NE, why freeze it to make the profit? You can sell to the highest priced market in the world right there!
calgary.ctvnews.ca
calgaryherald.com
calgaryherald.com
finance.yahoo.com
dailyhive.com
