LNG Outlook: Canada’s Policy & Global Impact

Alshaar Ansari
Alshaar Ansari News Politics
4 Min Read
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“There is no way the federal government would subsidize new liquefied natural gas (LNG) ventures, including possibly electrifying ongoing projects,” Minister for Energy and Natural Resources, Jonathan Wilkinson has said.

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In a Sunday interview with Vassy Kapelos on CTV Question Period, Wilkinson underlined that the private sector should make such investments.

“Governments should not use public funds to support inefficient fossil fuel subsidies. By taking this stand, we are setting a global example. We are not supporting any LNG facilities; this falls squarely within the realm of the private sector who must evaluate commercial feasibility and make investment decisions accordingly,” asserted Wilkinson.

These remarks come soon after Greek Prime Minister Kyriakos Mitsotakis expressed interest in Canada’s LNG exclusively during an interview on CTV Question Period wherein he revealed Greece as a potential major entry point for LNG to not only its domestic market but also Balkans and Eastern Europe countries including Ukraine if possible.

Moreover, Mitsotakis strongly supported Canada as a suitable partner citing shared values and mutual alignment on different geopolitical issues.

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Additionally, Germany and Japan have shown their keenness for Canadian Liquefied Natural Gaz (LNG). Nonetheless, Prime Minister Justin Trudeau was skeptical about whether or not exports of LNG could be part of Canada’s long-term clean energy strategy by August 2022.

While looking into business viability in terms of short term contributions to global energy supply or feasibility of exporting liquified natural gas (LNG) to Europe Trudeau expressed his skepticism about it towards the end of August 2022.

We recently posted a query on our YouTube channel, asking the people of Canada what they think about prioritizing LNG exports from other countries. And people couldn’t agree more, that Canada government needs to find some solutions for LNG exports.

You can also Join the conversation on our Scoop Canada YouTube Channel! Cast your vote and share your thoughts. Click here to make your voice heard!

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The debate around future Canadian LNG exports to Europe has been going on for years. Advocates believe that LNG will help reduce carbon emissions while environmentalists argue that it would merely prolong use of fossil fuels.

Therefore New Brunswick Premier Blaine Higgs suggested exporting LNG to Europe instead Federal carbon tax when testifying before House Common Committee recently.

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Wilkinson argued that if it harmonizes with the province’s climate goals in any way, New Brunswick could individually pursue these LNG exports to Europe.

Any future LNG projects should be consistent with Canada’s 2030 climate targets including a major reduction in methane emissions from oil and gas sources.

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There are eight LNG export projects at various stages of development across Canada, Kitimat, BC-led shell Canada project being one of those which aspire to begin exporting to Asian markets by 2025 according to Natural resources Canada.

Last Updated on by Alshaar Ansari

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