Canada sees Repsol LNG as fastest way to boost gas supply to Europe
30/06/2022 18:09
By Steve Scherer
OTTAWA, June 30 (Reuters) - Canada's East Coast has only
enough natural gas supply to accommodate one new liquefied
natural gas (LNG) export facility, and the project that would
boost shipments to Europe the fastest is Repsol's REP.MC ,
Canada's environment minister told Reuters.
In May, Canada said it was in talks with Spanish company
Repsol's LNG facility in New Brunswick and Pieridae Energy
PEA.TO , which has proposed building an LNG facility in Nova
Scotia, about increasing exports to Europe. urn:newsml:reuters.com:*:nL2N2WY1YV
"The amount of gas that is available would be available only
for one facility at this point," Environment Minister Steven
Guilbeault said in an interview late on Wednesday, adding that
the idea of constructing new gas pipelines in Canada was not
"very realistic".
"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 said.
The vast majority of Canada's natural gas is produced in the
western provinces of Alberta and British Columbia.
Europe is seeking to diversify its energy supplies as it
pivots away from Russian oil and gas after the invasion of
Ukraine. Canada's foreign minister said on Wednesday talks had
taken place with its European allies, including Spain and
Germany, about increasing its East Coast exports. urn:newsml:reuters.com:*:nL1N2YG1LF
(Reporting by Steve Scherer, additional reporting by Isla
Binnie in Madrid; editing by Barbara Lewis)
((steve.scherer@thomsonreuters.com; +1-647-480-7889;))