In a strategic move to deepen its energy and economic collaboration with Europe, Canada is initiating discussions to explore the feasibility of supplying liquefied natural gas (LNG) directly to German buyers, reports Financial Post.
Diplomatic Engagement in Berlin
The announcement came during talks between Canadian Prime Minister Mark Carney and German Chancellor Friedrich Merz held in Berlin. The discussions covered LNG, critical minerals, and national security topics, including a potential submarine contract involving a German firm.
Infrastructure Development Plans
Carney emphasized that Canada will back major infrastructure investments—amounting to billions of dollars—to support LNG and hydrogen exports. The first project to be revealed in the next two weeks will focus on port enhancements.
Key upgrades earmarked include expansions at the Port of Montreal and development of a new port in Churchill, Manitoba, along with other East Coast facilities. These enhancements could enable Canada to tap into enormous opportunities not only for LNG but also for critical minerals.
No LNG Projects Yet Near Commercial Readiness
Despite the optimism, there are currently no publicly known LNG export projects from Eastern Canada that are close to becoming commercially operational. An earlier attempt to expand an existing terminal was abandoned due to high shipping costs.
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Source: Financial Post
