Canada is actively expanding its export capacity to replace Russian gas on the global market with its own production of blue fuel. The government places particular emphasis on developing infrastructure for liquefied natural gas exports.
This is reported by Finway
New construction on Canada’s west coast
This was stated by Prime Minister Mark Carney during a discussion about the construction of a new liquefied gas export terminal on the country’s west coast. In response to questions about the prospects of replacing Russian gas with Canadian gas, Carney noted that Canada sees itself as a key player in energy security for Europe and Asia.
“The new terminal will contribute to Germany’s energy security, and we can do much more in partnership with Europe,” said the head of government.
The Ksi Lisim terminal, located in British Columbia, is currently under construction. At the same time, work is underway to build a pipeline that will transport gas from Alberta to the terminal. Both federal and provincial governments have granted this project priority status, which is expected to significantly accelerate the completion of work and the commissioning of the facility.
Rising gas prices in Europe and global challenges
The last few months have been marked by record increases in natural gas prices in Europe, linked to the blockade of the Strait of Hormuz. In this context, Canada aims to become a reliable alternative for European countries and strengthen the energy independence of its partners.