The World Forum - May 26th, 2024

  Guys, Please Kindly  ❤️   Recommend

As Russia strangles gas flow, Canada has ‘responsibility’ to step up on LNG: Freeland


Canada has a “political responsibility” to step up as Russia strangles flows of natural gas to European allies — and that includes a role for Ottawa in advancing a potential East Coast LNG plant, says Deputy Prime Minister Chrystia Freeland.

Speaking with journalists from Saint John, N.B., on Wednesday, Freeland was asked about whether Canada should be doing more to supply European countries with LNG — liquefied natural gas — as those countries rapidly scale back their dependence on Russian fuel following its invasion in Ukraine.

“I do think that energy security today, more than ever, is a question of security full-stop and Canada’s really lucky. We have a lot of energy. I think it is a political responsibility for us as a country to support our allies with energy security,” Freeland said in response.

“This is a very tough moment for many European countries right now as they shift from their dependence from Russian oil and gas and I think it’s very important for Canada to step up and say, ‘We’re going to help you.'”

She continued: “So yes, I think there is a role for the federal government working with provincial governments, working with the private sector, working with our European allies to make this happen.”

On whether she backed a plant in Saint John specifically, though, Freeland did not say.

But investors including Warren Buffet raised concerns in 2020 about “the current Canadian context” around LNG, which was widely interpreted as skepticism about the response to rail blockades and protests against the Coastal GasLink pipeline on the West Coast.