Canada’s Minister of the Environment and Climate Change Steven Guilbeault speaks throughout Question Period within the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, March 22, 2022. REUTERS/Patrick Doyle
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OTTAWA, June 30 (Reuters) – Canada’s East Coast has solely sufficient pure gas supply to accommodate one new liquefied pure gas (LNG) export facility, and the mission that may boost shipments to Europe the fastest is Repsol’s (REP.MC), Canada’s setting minister instructed Reuters.
In May, Canada stated it was in talks with Spanish firm Repsol’s LNG facility in New Brunswick and Pieridae Energy (PEA.TO), which has proposed constructing an LNG facility in Nova Scotia, about growing exports to Europe. learn extra
“The amount of gas that is available would be available only for one facility at this point,” Environment Minister Steven Guilbeault stated in an interview late on Wednesday, including that the thought of establishing new gas pipelines in Canada was not “very realistic”.
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“Repsol is probably the fastest project that could be deployed because it requires minimal permitting – there’s already an existing facility, (and a) gas line is right there,” Guilbeault stated.
The overwhelming majority of Canada’s pure gas is produced within the western provinces of Alberta and British Columbia.
Europe is searching for to diversify its vitality provides as it pivots away from Russian oil and gas after the invasion of Ukraine. Canada’s overseas minister stated on Wednesday talks had taken place with its European allies, together with Spain and Germany, about growing its East Coast exports. learn extra
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Reporting by Steve Scherer, further reporting by Isla Binnie in Madrid; enhancing by Barbara Lewis
Our Standards: The Thomson Reuters Trust Principles.
EXCLUSIVE Canada sees Repsol LNG as fastest way to boost gas supply to Europe & More Latest News Update
EXCLUSIVE Canada sees Repsol LNG as fastest way to boost gas supply to Europe & More Live News
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