What has Canada got to offer Germany? - Resources & Agriculture...

What has Canada got to offer Germany? - Resources & Agriculture | Business in Vancouver (biv.com)

Facing serious energy shortages, European countries are now scrambling to find alternatives to Russian natural gas, including resuming natural gas exploration in the North Sea, building new LNG import facilities, restarting closed coal plants, rethinking plans to shutter nuclear power plants, and considering energy rationing. Canada could have been in a position to help, had it not allowed itself to be beaten to the punch by the U.S. in the race to develop an LNG export industry and secure market share. In just six years, the PPF report notes, the U.S. went from exporting zero LNG to being the world’s largest exporter.

Canada has one major LNG export terminal under construction, one smaller one soon to start construction, and a boneyard filled with cancelled LNG projects. While Asia was viewed as the biggest potential market for Canadian LNG exports, Europe has suddenly opened up a potential new market, especially for any LNG export terminals built on the east coast of Canada.

One clear advantage Canada has is that its natural gas and LNG would be some of the cleanest in the world in terms of its emissions intensity. “Canadians might be surprised to learn that our natural gas is among the cleanest in the world in terms of carbon content,” the report notes. In LNG proposals in Washington, regulators there have insisted that the natural gas come from B.C. because of its low emissions intensity. A study last year by St. Francis Xavier University that examined methane emissions from oil and gas production found methane emissions from gas wells in Montney formation of B.C. were “amongst the lowest in North America.

“The time to act is now, as Canada’s energy is in demand – not just natural gas, but hydrogen, which can be produced with natural gas, and is considered key to addressing the climate crisis. Germany, Japan and other countries are already speaking to Canada about our plans for hydrogen."