Page 14 - GLNG Week 26 2022

GLNG AMERICAS GLNG

Canada talks LNG options with Germany

EXPORTS GERMANY is holding talks with Canada in an told the Global and Mail, as he announced a new
attempt of secure options for exporting LNG to feasibility study for exporting LNG to Germany.
Europe from Canada’s East Coast. “The world has changed a lot.”
German Chancellor Olaf Scholz raised the As well as Goldboro, Canada and Germany
matter with Canadian Prime Minister Justin have been discussing Repsol’s proposed Saint
Trudeau on the sidelines of G7 summit in Ger- John LNG terminal in New Brunswick.
many this week, Reuters reported. Goldboro has originally proposed a 10mn
Berlin is looking to LNG to replace gas ship- tonnes per year land-based export terminal,
ments from Russia, as the government seeks to although a floating 2.5mn tpy floating terminal
phase out energy imports after Moscow’s inva- could also be a possibility.
sion of Ukraine. Sorensen said the chances have improved
It has backed the construction of two LNG for Goldboro LNG, given Germany’s increased
terminals and has rented four floating storage demand for energy to replace Russian supplies.
and regasification units (FSRUs) as a stop-gap Pieridae has already signed a 20-year deal to sup-
measure. ply German utility Uniper with LNG.
In May, Canadian Natural Resources Minis- However, exports will have to wait, as Pieridae
ter Jonathan Wilkinson said the Canadian gov- hopes to take a final investment decision (FID)
ernment was in discussions with the companies as early as mid-2023, Sorensen said. The goal is
behind two proposed East Coast LNG export to begin exports to Germany by 2028 under the
facilities to see how it could speed up the projects scenario of a full-scale export terminal in Nova
and help boost supply to Europe. Scotia.
Meanwhile, Canada’s Pieridae Energy is Also, pipeline infrastructure would need to
considering a revival of its plan to build a termi- be developed to improve links from gas fields in
nal in Nova Scotia to export LNG to Germany, Alberta to the Maritime coast.
although it warned that Canadian regulatory Goldboro LNG and Saint John LNG would
hurdles could delay any LNG proposals on the need to negotiate to have grid operator TC
East Coast. Energy and other pipeline companies transport
High costs, and supply-chain problems natural gas from Alberta.
caused by the coronavirus (COVID-19) pan- Canada, the world’s sixth-largest natural gas
demic had previously forced the suspension of producer, does not have any East Coast LNG
its plans for the Goldboro LNG project. facilities and only one under construction on its
But since the invasion of Ukraine four West Coast.
months ago, Europe is scrambling to reduce its Germany’s need is great as it imports around
dependence on natural gas from Russia. 55% of the 100bn cubic metres of gas is it con-
“You can see what’s happening in Europe,” sumes per year from Russia, with smaller vol-
Pieridae chief executive officer Alfred Sorensen umes arriving from Netherlands and Norway.™

P14 www. NEWSBASE .com Week 26 01•July•2022