Ottawa’s East Coast LNG export support comes with strings
The federal government looks likely to put stringent conditions on projects aiming to alleviate Europe’s gas crunch
Canada’s natural resources minister is clear that his country is keen to assist Europe by progressing LNG export facilities on its eastern seaboard. But he is equally consistent that support for projects will come with demands around their environmental credentials. And it also remains to be seen if the administration may seek commitments about future conversion to blue hydrogen. Given that is technology as-yet unproven at scale, any restrictions around future terminal usage could add a further hurdle for project developers. “We are looking at LNG in terms of exports to Europe from the east coast,” Jonathan Wilkinson said in a mid-May discussion with his US energy minister counterpart Jenni
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields