This is the same deal Trudope turned down 4 years ago after Russia invaded Ukraine. So much money that could have been in our economy that would have been huge right now.
ernapfz on
Great to hear, especially the parts about US avoidance.
Wyelir on
I guess there was a business case for it after all…
voxitron on
As a German and Canadian, I approve 🙂
bubblewhip on
Delivery from the west cost to German?
TechGuyDude82 on
I thought Trudeau said “there’s no business case” when Germany asked for this under his tenure? 🤔 God, he was such a clown. So glad he’s gone, and nice to see this deal finally happening.
Hopeful_CanadianMtl on
To anyone interested in the FULL CONTEXT of Trudeau’s remarks.
Trudeau, Germany’s Scholz cool to the idea of exporting Canadian natural gas to Europe.
Canada, out west, has an abundant source of gas, but to get that to the East Coast is very difficult due to pipeline constraints,” said Paul MacQueen, vice president of trading at Energy Atlantica, a Halifax-based energy trading company. “But you really need to build out the pipelines to be able to supply the East Coast with more gas.”
But MacQueen continued that it’s cost prohibitive to do so, and companies can’t simply build on the prospective interest of potential customers.
“Without a signed contract, no one is going to put shovels in the ground to spend the billions needed to build an export facility,” MacQueen said. “No one is going to put shovels in the ground for a billion-dollar guess on if Greece is going to accept the East Coast of Canada.”
7 Comments
This is the same deal Trudope turned down 4 years ago after Russia invaded Ukraine. So much money that could have been in our economy that would have been huge right now.
Great to hear, especially the parts about US avoidance.
I guess there was a business case for it after all…
As a German and Canadian, I approve 🙂
Delivery from the west cost to German?
I thought Trudeau said “there’s no business case” when Germany asked for this under his tenure? 🤔 God, he was such a clown. So glad he’s gone, and nice to see this deal finally happening.
To anyone interested in the FULL CONTEXT of Trudeau’s remarks.
Trudeau, Germany’s Scholz cool to the idea of exporting Canadian natural gas to Europe.
https://www.cbc.ca/news/politics/trudeau-scholz-canadian-natural-gas-europe-1.6558542
Germany didn’t come begging for our LNG, Greece was interested, but again, we had no infrastructure to get the gas to the Atlantic anyway.
https://tj.news/new-brunswick/greece-wants-canadian-lng-but-it-wont-refuel-atlantic-export-debate-experts
Quote:
Canada, out west, has an abundant source of gas, but to get that to the East Coast is very difficult due to pipeline constraints,” said Paul MacQueen, vice president of trading at Energy Atlantica, a Halifax-based energy trading company. “But you really need to build out the pipelines to be able to supply the East Coast with more gas.”
But MacQueen continued that it’s cost prohibitive to do so, and companies can’t simply build on the prospective interest of potential customers.
“Without a signed contract, no one is going to put shovels in the ground to spend the billions needed to build an export facility,” MacQueen said. “No one is going to put shovels in the ground for a billion-dollar guess on if Greece is going to accept the East Coast of Canada.”