German Chancellor Olaf Scholz Visits Canada for Two Days Sunday
Canada is the world's fifth-largest producer and sixth-largest exporter of natural gas.
The problem before the Trudeau administration was that Canada had no way to export natural gas directly to Europe.
The continent faces major shortages this winter as Russian President Vladimir Putin has dramatically cut Russian exports and punished Europe for backing Ukraine in the face of Putin's aggression. there is
The best thing Canada can do in the short term is to increase shipments of liquefied natural gas to the United States. This is essentially Canada's only foreign market. US supplies can be released to ship to Europe on tankers.
Because of this, we have no need to sell natural gas to Americans. I have. Heavy discounting costs the Canadian economy an estimated $9 billion annually.
This is in addition to an estimated $15 billion annual discount oil price loss for the same reason.
Canada is the world's fourth largest crude oil producer and third largest crude oil exporter, but given Russia's control of the bulk of its oil supply, it is To help in the short term, we need to export more oil. USA for shipment by tanker to Europe.
The ability to ship LNG directly to Europe makes sense not only from an economic point of view, but also from an environmental point of view.
The European Union and her G-7 countries have recently made natural gas a transitional form of green energy, especially when it replaces coal-fired power generation, because it burns with half the carbon intensity of coal. classified as.
The fact that Canada's east and west coasts lack the fossil fuel energy infrastructure needed to enter the global market is no reason not to start now
}Recent events have reaffirmed the need for fossil fuel energy internationally for decades.
Canada cannot stand on the sidelines.
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