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Canada talks LNG options with Germany
CANADA- GERMANY is holding talks with Canada in an and Mail, as he announced a new feasibility study
GERMANY attempt of secure options for exporting LNG to for exporting LNG to Germany. “The world has
Europe from Canada’s East Coast. 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- tonne per year (tpy) 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. It has backed the construction Sorensen said the chances have improved
of two LNG terminals and has rented four float- for Goldboro LNG, given Germany’s increased
ing storage and regasification units (FSRUs) as a demand for energy to replace Russian supplies.
stop-gap measure. Pieridae has already signed a 20-year deal to sup- Pieridae Energy
In May, Canadian Minister of Natural ply German utility Uniper with LNG.
Resources Jonathan Wilkinson said the Cana- However, exports will have to wait, as Pieri- is considering
dian government was in discussions with the dae hopes to take a final investment decision
companies behind two proposed East Coast (FID) as early as mid-2023, Sorensen said. The a revival of its
LNG export facilities to see how it could goal is to begin exports to Germany by 2028
speed up the projects and help boost supply to under the scenario of a full-scale export termi- plan to build a
Europe. nal in Nova Scotia. terminal in Nova
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 Scotia to export
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 LNG to Germany.
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’s CEO, Alfred Sorensen, told the Global umes arriving from Netherlands and Norway.
P8 www. NEWSBASE .com Week 26 30•June•2022
