Canada could supply Europe with natural gas

Regardless of the refusal of the Quebec and Canadian governments, Symbiose Infrastructure has concluded an agreement with Ukraine to supply it with liquefied natural gas.

Canada could supply Europe with natural gas

Regardless of the refusal of the Quebec and Canadian governments, Symbiose Infrastructure has concluded an agreement with Ukraine to supply it with liquefied natural gas.

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Even if the agreement concluded between Symbiose Infrastructure, parent company of GNL Québec, and Naftogaz of Ukraine certainly promises the sale of hydrogen and liquefied gas to Ukraine, it is possible that other European countries are also concerned, specified the president of the Quebec Energy Association, Éric Tétreault.

“In recent months, following the conflict in Ukraine, everyone in Europe is moving towards natural gas. The demand will be enormous, because it is a question of replacing almost completely, over a period of 10 to 15 years, the Russian gas which is currently exported from Russia to Europe”, explained to QUB radio Mr. Tetreault.

As of Tuesday, details of the deal remain vague, as no clear recipient has been announced to receive the proceeds.

Nevertheless, it is clear that some European countries will be able to benefit from Canadian gas in the years to come. Leaving from Alberta, the gas will travel to the Saguenay before being exported to the rest of the world. "[We will have to] build a gas pipeline that will bring from northern Ontario to the Saguenay, natural gas from Alberta," said Éric Tétreault.

Last year, the governments of Quebec and Canada refused the gas pipeline project, worth approximately $5 billion, among other things because they did not see a market before 2025. Mr. Tétreault said Elsewhere qualified as a “gross error” this refusal of the governments, since shortly afterwards, the firms revised upwards the demand for natural gas at the world level.

Today, “all the reasons that have been invoked by governments in 2021 are going up in smoke,” said the president of the Quebec Energy Association. Thus, it is possible that the parties concerned will revise the terms of the contract and decide to support the Symbiose Infrastructure project in the near future.

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